COB 1.23% 8.2¢ cobalt blue holdings limited

Ann: Commencing underground development, page-2

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    3,500–4,000 tonnes of ore will be mined from Pyrite Hill to support 20 weeks of continuous operation of the Demonstration Plant. Two underground development drives will provide access laterally to the cobalt-pyrite mineral resource and allow representative samples to be obtained. This is important to ensure that unbiased engineering data is generated from the Demonstration Plant for the BHCP Feasibility Study.Site establishment works have been completed and excavation of the box cut iswell advanced with installation of the decline portal to commence shortly. The decline will extend approximately 80 metres, and intersect with the ore body approximately 40 metres below surface. QUOTE
    Good to see this development as the company progresses at the right time in the global demand cycle IMO.
 
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