Cobalt Blue Quarterly Report – June 2018

Quarterly highlights:

Projects

Thackaringa Project
  • Thackaringa Pre-Feasibility Study successfully delivered
  • Thackaringa Project Optimisation Studies underway
  • Bankable Feasibility Study commenced

Cobalt Trends

  • Cobalt Market Update – near term DRC supply growth impacts pricing. Long term market balance remains very tight.

Corporate

  • Thackaringa Project – Strategic Rationale
  • HAV MOU test work delivered – technical discussions held
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