Cobalt Blue Holdings Limited (ASX:COB) Annual Report June 2017

(MENAFN- ABN Newswire) Sydney, Sep 25, 2017 AEST (ABN Newswire) - Cobalt Blue Holdings Limited's () focus is upon the development and commercialisation of the Thackaringa Cobalt Deposit, Broken Hill, NSW. The Company has entered into a Farm in Joint Venture Agreement ("JVA") with Broken Hill Prospecting Limited (). The JVA targets a series of accelerated milestones designed to create certainty over size and quality of the deposit, in addition to identifying an optimal processing path.

Annual Report Highlights

Thackaringa

- Substantial drilling campaign completed at Thackaringa (8,000 metres) - 25 May 2017

- Declared a combined 55Mt Inferred and Indicated Resource @ 910 ppm cobalt - 05 June 2017

- Scoping Study completed - strongly supporting progression to Preliminary Feasibility Study. Key conclusions included a long life, low cost, large scale operation. Identified options for processing concentrate, including cobalt and byproduct monetisation. Optimal processing established > 90% metal recovery - 30 June 2017

Corporate

- Incorporated - 26 August 2016

- Raised $10m in oversubscribed offer - 18 January 2017

- ASX listed - 02 February 2017

- Commercial Visit - China cobalt refining industry - 06 April 2017

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About Cobalt Blue Holdings Limited

() is an exploration company focussed on green energy technology and a strategy of fast-tracking development of the Thackaringa Cobalt Project in New South Wales to achieve commercial production of cobalt. This strategic metal is in strong demand for new generation batteries, particularly lithium-ion batteries now being widely used in clean energy systems.

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