Examining the fit – Thackaringa and Mutooroo Projects

Cobalt Blue (ASX:COB) and Havilah Resources (ASX:HAV) today signed a Memorandum of Understanding (MOU).

Key Points:

  • COB will carry out due diligence on the Mutooroo copper cobalt deposit by 30 April 2018.
  • HAV will provide COB a representative 10kg Mutooroo sulphide ore sample. COB will perform laboratory test-work using its proprietary technology including crushing, grinding, flotation, calcining and leaching. Full results to be provided to HAV by 30 April 2018.
  • Looking forward, further cooperation involving larger scale samples and joint marketing of cobalt sulphate is possible.
  • The MOU may be terminated by either party.
  • Potential to unlock cobalt district in Broken Hill.