Scoping Study update

Strong Potential for Commercialisation after Processing Testwork

  • Scoping Study completed. Results indicate a technically and economically justifiable project warranting progression to Pre-Feasibility Study. Results supportive of Cobalt Blue’s aspirational target of becoming “a long-life top 10 cobalt miner”.
  • Thackaringa retains strong exploration upside with resource size supporting long-life operations. Broken Hill (23km away) provides clear infrastructure advantages with people, power, water, road and rail availability.
  • A range of cobalt processing routes were examined during testwork, with roasting and pyrolysis in particular displaying attractive technical and cost efficiencies. Both processes produced high levels of cobalt recovery and will be evaluated in more detail in future studies.

Scoping Study Update

Cobalt Blue Holdings Limited (ASX: COB) is pleased to advise that it has completed a Scoping Study (“Study”) based on the Inferred and Indicated Mineral Resource at its Thackaringa Cobalt Project (“the Project”), located approximately 23 km south west of Broken Hill, NSW. The Study referred to the Pyrite Hill, Big Hill and Railway deposits. The Study was a key milestone of our joint venture with Broken Hill Prospecting Limited (ASX:BPL).