CEO’s Letter to Shareholders – September 2017

Update for September 2017

Cobalt Blue (ASX:COB) has achieved considerable progress since listing on the ASX in February 2017. COB’s recently completed Thackaringa drilling campaign (8,000 metres) declared a combined 55Mt Inferred and Indicated Resource at 910 ppm cobalt (5 June 2017) in addition to a successful Scoping Study (11 July 2017), which will be used a baseline for our upcoming Pre-Feasibility Study (PFS).

Even after the considerable ground work completed so far, the mineralisation remains open at depth and along the entire 4.5km resource strike length. Clearly, more work is required to outline the full scope of the cobalt resource.

With this in mind, our next stage of field work is about to commence.

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