Cobalt Blue Quarterly Report June 2017

Highlights:

  • FY17 (8,000m) Drilling Campaign Concluded – a globally significant cobalt program – continues into FY18.
  • Thackaringa Resource Upgrade – 54.9Mt at 910ppm cobalt, new estimate reflects a 66% increase in overall tonnes and a 9% increase in cobalt grade.
  • Scoping Study Delivered – Results supportive of Cobalt Blue’s aspirational target of becoming “a long-life top 10 cobalt miner”. Outstanding metallurgical results.
  • 40 Mt Indicated Resource target and major geophysical survey announced – exciting option to uncover further cobalt anomalies.
  • Cobalt sulphate commands a market premium driven by the evolving battery market.
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