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Tuesday, November 13, 2018 - 1:16:06 PM
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Mining News Pro - 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.
According to Mining News Pro -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.
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https://www.miningnews.ir/En/News/298150
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