Broken Hill Transfer the Thackaringa Cobalt Prospect to Cobalt Blue

  • Jan 18, 2020 AEDT
  • Team Kalkine

 

Broken Hill Prospecting Limited (ASX: BPL) completes the transfer of its interest in the Thackaringa cobalt project joint?venture to its partner Cobalt Blue Holdings Limited (ASX: COB).

  • The transaction would now result in BPL receiving $6 million in cash, shares and deferred consideration.
  • Whilst retaining its 2.0 per cent royalty on all cobalt production from the project and its interest in the Broken Hill style mineralisation (excluding cobalt mineralisation) on the part tenements.

 

 

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