Cobalt Blue expands footprint at Broken Hill by around 35%
COB subsidiary Broken Hill Cobalt Project Pty Ltd has received notice of the proposed grant of Exploration Licence Application 6225. The tenement application comprises approximately 58 square kilometres.
Cobalt Blue Holdings Ltd (ASX:COB) (OTCMKTS:CBBHF) (FRA:COH) is increasing its strategic cobalt exploration footprint in the Broken Hill region of Australia by around 35% through the proposed grant of an exploration licence.
Wholly-owned subsidiary Broken Hill Cobalt Project Pty Ltd has received notice of the proposed grant of Exploration Licence Application 6225.
The tenement application comprises approximately 58 square kilometres around 10 kilometres northwest of the Broken Hill Cobalt Project in far western New South Wales.
The
Cobalt Blue Holdings Ltd(ASX: COB) share price is on a tear today. Shares are up 13% in early afternoon trading.
Investor interest appears to have turned to Cobalt Blue following an update on the company’s Broken Hill Cobalt Project in New South Wales.
What progress did Cobalt Blue report at Broken Hill?
In this morning’s ASX release, Cobalt Blue revealed that its wholly-owned subsidiary, Broken Hill Cobalt Project Pty Ltd, had received notice of its proposed grant of exploration licence application.
The tenement application covers some 67sq km and will increase Cobalt Blue’s exploration area in the Broken Hill region by approximately 70%.
Cobalt Blue Holdings Ltd tenement application to expand Broken Hill exploration footprint by 70% proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.