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Broken Hill lodges dispute against Cobalt Blue over drilling at Thackaringa

Broken Hill Prospecting Ltd. issued a dispute notice to Cobalt Blue Holdings Ltd. over drilling at the Thackaringa cobalt joint venture in New South Wales, Australia.

The company said Nov. 13 that the notice is related to the start of drilling by Cobalt Blue outside of the mandatory approval process set out in the joint venture agreement.

In October, Cobalt Blue elected out of earning in a further 15% of the Thackaringa joint venture, locking in partner Broken Hill for 30% of the project.