Cobalt Blue Holdings Limited announced that the continued consolidation of ground within the Broken Hill region remains a priority for the execution of COB's long-term exploration strategy targeting discovery and delineation of cobalt mineralisation considered to complement the existing Mineral Resource inventory and proprietary processing pathway of the Broken Hill Cobalt Project (`BHCP' or the `Project'). The Project forms part of the Company's broader tenement holding now comprising five (5) Exploration Licences and two (2) Mining Leases, for a total area of approximately 220 km2. New Exploration Licences (EL9254 and EL9139): The Broken Hill Cobalt Project is located in a deformed and metamorphosed Proterozoic supracrustal rock succession named the Willyama Supergroup which outcrops as a series of basement inliers known in the Olary ­ Broken Hill region, as the Willyama Inliers. The Willyama Supergroup comprises a late Palaeoproterozoic metasedimentary sequence with lesser meta-volcanic intercalations deposited between 1720 and 1640 million years ago. It hosts most metalliferous occurrences in the region, including the giant Broken Hill Pb-Zn-Ag orebody. Of the greater Willyama Supergroup, the BHCP covers portions of the Broken Hill and Thackaringa Group successions with the latter hosting the BHCP cobaltiferous pyrite deposits. EL9254 and EL9139 are located approximately 35 km southwest of Broken Hill and in part adjoin the BHCP. The tenements are generally bound by the Mundi Mundi Fault to the east and are dominated by shallow Cenozoic cover sequences interpretedly underlain by successions of the Willyama Supergroup including the Thackaringa Group. Comparative to areas of the Broken Hill Domain characterised by extensive outcrop, EL9254 and EL9139 have been subject to little historical exploration. The compilation and validation of these works will form an initial focus for the exploration team. In addition, data obtained from an Airborne Electromagnetic (`AEM') survey, jointly commissioned by the Department of Regional NSW's Geological Survey and Geoscience Australia in April, is expected to be released in fourth quarter 2021. The heliborne survey was flown on east­west orientated flight lines at an average spacing of 2.5 km across EL9254 and will be used by COB to refine future exploration activities for the tenement.