The recently completed FY17 work program has delivered strong results culminating in a significant resource upgrade for the Thackaringa Cobalt Project. Cobalt Blue (ASX:COB) declared a 54.9Mt combined Indicated (6.5Mt) and Inferred (48.4Mt) Resource on 5 June 2017 as a result of this program. The results show consistent and significant potential for mineralised extensions along strike and at depth across the defined deposits.

Release highlights:

• COB announces 63km2 major airborne geophysical survey (EM & Magnetics) to cover entire exploration area – with expectations of further cobalt targets.
• Appointment of new Board member adding financial/mining development skills.
• Stage One of the Thackaringa JV nearing completion.