Multiple large exploration targets identified at Thackaringa Cobalt Project

Successful completion of a 633-line kilometre helicopter borne geophysical survey over the Thackaringa Project, 23km south-west of Broken Hill.

Release highlights:

  • Survey delivers strong results and targets. Preliminary geophysical survey results support fresh exploration targets with clear potential to extend known mineralisation, as well as identifying a previously unknown target south of Pyrite Hill.
  • Thackaringa’s three deposits have a significant combined strike length of 4.5 kilometres, with widths varying from 25 to 100 metres. These results support substantial future additions to the Thackaringa resource, particular down dip.
  • Cobalt Blue currently completing a significant 13,500m drilling program, supporting a major resource upgrade target (40Mt Indicated Resource by 1 April 2018).
  • Pre-Feasibility Study work continues with geotechnical, environmental and next metallurgical testwork announcement (focussed on Calcine and Leach steps) expected shortly. PFS delivery due 30 June 2018.