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BRIEF-Broken Hill Prospecting Updates On Thackaringa Cobalt Project

Published 30/11/2018, 12:29 pm
© Reuters.  BRIEF-Broken Hill Prospecting Updates On Thackaringa Cobalt Project
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Nov 30 (Reuters) - Broken Hill Prospecting Ltd BPL.AX :

* UPDATES ON THACKARINGA COBALT PROJECT

* COBALT BLUE ISSUES CASH CALL NOTICE TO CO FOR IT TO GIVE 30% SHARE OF EXPENDITURE TO BE INCURRED UNDER ONE OF RESOLUTIONS

* IS UNDER NO OBLIGATION TO PAY CASH CALL AMOUNT

* IN EVENT THAT, CONTRARY TO BPL ASSERTIONS, CASH CALL IS VALID, BPL'S INTEREST IN TJV WILL BE LIABLE TO BE REDUCED

* "REITERATES THAT DRILLING ACTIVITIES UNDERWAY AT THACKARINGA REMAIN AT SOLE RISK AND COST OF COBALT BLUE"

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