(MENAFN- ABN Newswire)
Cobalt Blue Holdings Limited (ASX:COB) provides the Company's latest Investor Presentation in July 2017.
"2017 is shaping up to be a big year for Cobalt Blue"
~10,000m of drilling targeted for FY18
= One of the largest cobalt exploration commitments on the ASX
ASPIRATIONAL TARGET: Significant improvement in size of the Thackaringa cobalt deposit
= A global top 10 mining operation with 20 year + life
OUR SCHEDULE OF WORK IS AS FOLLOWS:
- Aug 2016-Feb 2017: Complete
o Cobalt Blue formed
o JV & Farm-in
o JORC 2012 upgrade
o Cobalt Blue listed
- 1 April 2018: Stage One
o A$2.0m expenditure in the ground delivered.
o Delivered:
-- Inferred Resource Upgrade
-- Scoping Study
Deliver:
-- Indicated Resource Upgrade
-- Aerial Geophysical Program
o Target Date: 1 April 2018
- 30 June 2018: Stage Two
o A$2.5m expenditure in ground - Indicated Resource Target
o Deliver: Preliminary Feasibility Study
o Target Date: 30 June 2018
- 30 June 2019: Stage Three
o A$5.0m expenditure in ground - Measured Resource + Reserves Target
o Deliver: Bankable Feasibility Study + Project Approvals
o Target Date: 30 June 2019
- Stage Four
o Decision to Mine
o Project Finance
To view the full presentation, please visit:
http://abnnewswire.net/lnk/1713VF9U
() 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.
Joe KaderavekChief Executive OfficerCobalt Blue Holdings LimitedPh: +61-2-9966-5629Website: www.cobaltblueholdings.comEmail:
MENAFN2107201701110000ID1095642765
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