Cobalt Blue Holdings Limited (“COB”) is pleased to announce that...

Cobalt Blue Holdings Limited (“COB”) is pleased to announce that it has entered into a testwork co-operation agreement (the “Testwork Agreement”) with Hudbay Minerals Inc. (“Hudbay”) with respect to Hudbay’s wholly-owned Flin Flon tailings storage facility located in the Province of Manitoba, Canada (the “Tailings Facility”).COB has agreed to utilise its proprietary minerals processing technology to assess the ability to recover gold, silver, copper, zinc, cobalt and sulphur from a pyrite/pyrrhotite concentrate produced from the tailings. COB’s proprietary technology offers the potential to convert the sulphides into elemental sulphur, which is stable and benign. The testwork program is expected to take up to 4 months to complete once the tailings sample is received from Hudbay. COB will receive a fee for undertaking the testwork program, which is expected to cover its costs. QUOTE
Another reason to be optimistic in COB’s development program IMO.