logo-loader
viewCobalt Blue Holdings Ltd

Cobalt Blue Holdings obtains exploration licence grant increasing tenure by 50% at Broken Hill

The new tenement will enhance the company’s existing exploration footprint covering about 93 square kilometres.

Cobalt Blue Holdings Ltd - Cobalt Blue Holdings Ltd obtains exploration licence grant increasing tenure by 50% at Broken Hill
Work programs advancing the Broken Hill Cobalt Project are continuing

Cobalt Blue Holdings Ltd (ASX:COB) has obtained notice of a proposed grant for exploration licence 5805 comprising eleven units within its exploration footprint in the Broken Hill region in New South Wales to increase by more than 50%.

The application area is dominated by stratigraphy of the Willyama Supergroup including the prospective Thackaringa Group successions known to host the Thackaringa Cobalt deposits within the Broken Hill Cobalt Project.

Cobalt Blue’s chief executive officer Joe Kaderavek said: “The southern Curnamona province is considered prospective for a number of cobalt-bearing mineralisation styles.

“While Broken Hill has a long-dated history, we believe cobalt exploration across the region is in its infancy and are excited by the potential for resource growth.”

ELA5805 Magnetic Hill

The exploration licence covers 32 square kilometres positioned along a series of northeast to southwest trending shear zones with basement geology dominated by stratigraphy of the Willyama Supergroup.

The company has accepted the proposed licence conditions and lodged all department fees and levies with the application now progressing through the final stages to be granted by mid-September.

The new tenement will substantially enhance the existing exploration footprint with the tenure covering about 93 square kilometres.

Initial mining activities are expected to refine targeting through historical data compilation, geological mapping, geochemical sampling and applied geophysics.

ELA5805 Magnetic Hill is about 15 kilometres east of EL6622

Quick facts: Cobalt Blue Holdings Ltd

Price: 0.14 AUD

ASX:COB
Market: ASX
Market Cap: $20.99 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cobalt Blue Holdings Ltd named herein, including the promotion by the Company of Cobalt Blue Holdings Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Emmerson Resources discusses recent diamond drilling...

Emmerson Resources Ltd (ASX:ERM) managing director and CEO Rob Bills updates Proactive on the first diamond drilling activities at the Whatling Hill Project in NSW.  A 1,500-metre reverse circulation (RC) and diamond drilling program is targeting an interpreted porphyry copper-gold...

20 hours, 51 minutes ago

2 min read