trending Market Intelligence /marketintelligence/en/news-insights/trending/PqfOckEFGl1WCdy7n99XYQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Cobalt Blue pauses drilling at Thackaringa cobalt project

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Cobalt Blue pauses drilling at Thackaringa cobalt project

Cobalt Blue Holdings Ltd. said Jan. 16 that it paused drilling at the Thackaringa cobalt project in New South Wales, Australia, as it was unable to secure an extension to a land access agreement.

The company planned to drill at least 15,000 meters at Thackaringa by the first half and has completed 9,561 meters so far.

Cobalt Blue had asked joint venture partner Broken Hill Prospecting Ltd., as the legal title holder, to execute an extension on behalf of Thackaringa, but it was not willing to cooperate.

Given extreme drought conditions locally, the company will halt field activities on farming properties until conditions improve.

Upon resumption, Cobalt Blue's focus will be on finalizing extensional work to the resource. Further assays are expected in January and February, and an updated resource is due at the end of the first quarter.

The company added that while exploration activities have been paused, further work programs continue, including bulk testing, mining, and environmental and engineering studies.

Broken Hill issued a dispute notice to Cobalt Blue over Thackaringa in November 2018, saying the start of drilling was outside the mandatory approval process set out in the joint venture agreement.