Cobalt Blue Holdings Ltd (ASX:COB) is set for increased news flow in the near-term as the company advances its Thackaringa drilling program which is targeting a 40 million tonne Indicated Resource.
Looking into 2018, Cobalt Blue is aiming to deliver the upgraded resource by the 1st April 2018 and then shortly thereafter a full PFS by 30 June 2018.
To continue to advance Thackaringa, the company is now preparing to reveal funding steps, with the ASX granting a trading halt to finalise.
READ: Cobalt Blue's Joe Kaderavek discusses potential Korean and Japanese partners in Proactive Q&A Sessions™
The halt will remain in place until the opening of trade on Monday 27th November 2017, or earlier if an announcement is made to the market.