Cobalt Blue Holdings announces that Broken Hill Cobalt Project Pty Ltd, has received notice of the proposed grant of Exploration Licence Application 6151.
KEY POINTS:
- Cobalt Blue Holdings (ASX:COB) is pleased to announce its wholly owned subsidiary, Broken Hill Cobalt Project Pty Ltd, has received notice of the proposed grant of Exploration Licence Application 6151 (‘ELA6151’).
- The tenement application comprises approximately 67 km² with COB’s strategic exploration footprint in the Broken Hill region increasing by some 70%.
- Advanced exploration targeting reinforces long term exploration opportunity for the Broken Hill Cobalt Project
Reflecting on key outcomes of the Broken Hill Cobalt Project Update Study (July 2020) and the proposed grant of ELA6151, COB’s CEO, Joe Kaderavek commented:
“We are continuing to assess opportunities for further acquisition across the Curnamona Province. With the current Mineral Resource inventory supporting a 17 year operation, further consolidation in the region will secure long-term exploration potential.”