https://www.miningweekly.com
PROJECT|Drilling
PROJECT|Drilling
project|drilling

Broken Hill lodges dispute with Cobalt Blue

13th November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Broken Hill prospecting has issued a notice of dispute to fellow listed Cobalt Blue over the start of drilling activities at the Thackaringa cobalt project, in South Australia.

The dispute related to the drilling activities that have started outside the requisite approval process set out in a joint venture agreement, Broken Hill said on Tuesday.

The JV parties have been stuck on a suitable timeframe for bankable feasibility study (BFS) work at Thackaringa, with Cobalt Blue taking the decision to elect out of the earning period process of a previous farm-in agreement, which would have required a BFS by mid-2019.

The issue led Cobalt Blue to opt out of the farm-in agreement, and to retain a 70% interest in the JV, rather than working towards full project ownership.

Edited by Creamer Media Reporter

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.105 0.141s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: