Successful completion of a 633-line kilometre helicopter borne geophysical survey over the Thackaringa Project, 23km south-west of Broken Hill. (more…)
The Thackaringa project is planning to mine ore from three surface deposits. The host rock (silica and feldspars) contains approximately 20% sulphides (mainly pyrite), with cobalt at 900–1000 ppm. Upgrading the ore to a sulphide concentrate is an important step to developing an economically viable project. (more…)
September 2017 – Highlights Projects Thackaringa Project Commenced Pre-Feasibility Study (PFS). Aerial geophysical survey launched and subsequently completed over the entirety of the Thackaringa tenements (EL6622, EL8143, ML86 & ML87). Thackaringa Drilling Campaign – 40Mt Indicated Resource Target – rigs mobilised to site. PFS Metallurgical Testwork has now commenced. The testwork will be centred on...
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...
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...
Cobalt Blue’s Board is very confident that it has a world class cobalt project on its hands after recently delivering a successful Scoping Study for the Thackaringa venture in western New South Wales. The optimal path for processing which was tested during the study achieved a ~90% cobalt recovery from in-ground to payable metal. (more…)
COBALT BLUE HOLDINGS (AU:COB) is confident that investors will appreciate not only its Thackaringa cobalt resource in New South Wales almost doubling, but also see the potential scale and strong margin offered by the company’s mining and processing plans. The company is a recent spinout of Broken Hill Prospecting Ltd (AU:BPL), which has turned its...
Strong Potential for Commercialisation after Processing Testwork (more…)
The recently completed FY17 work program has delivered strong results culminating in a significant resource upgrade for the Thackaringa Cobalt Project. Cobalt Blue (ASX:COB) declared a 54.9Mt combined Indicated (6.5Mt) and Inferred (48.4Mt) Resource on 5 June 2017 as a result of this program. The results show consistent and significant potential for mineralised extensions along...
