Quarterly Activities & Cashflow Report December 2018

Cobalt Blue Holdings Limited (ASX:COB) presents their Quarterly Activities and Cashflow Report for the quarter ending in December 2018.

THACKARINGA PROJECT:

  • Strategic rationale.
  • Optimisation studies.
  • Drilling update.
  • Water supply confirmed.
  • Drilling campaign paused. Technical work programs continue.

COBALT TRENDS:

  • Cobalt market update.

CORPORATE:

  • COB withdraws from Thackaringa Joint Venture Earning Period Provisions.
  • Dilution provisions in the JVA increased COB’s project beneficial interest from 70.00% to 93.68%.
  • Global technical visits.
  • Director changes.
  • Various dispute notices.
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