Major new partnership for Broken Hill Prospecting

Company News

by Rachael Jones

Broken Hill Prospecting (ASX:BPL) and Cobalt Blue has announced a major strategic partnership with LG International (ASX:LGI) involving their Thackaringa Cobalt Project Joint Venture.

LG Chem is one of the largest Lithium ion battery makers in the world. They have strong technical leadership in next generation batteries in particular for electric vehicles.

Earlier this week green energy exploration company Cobalt Blue announced a significant resource upgrade at the Thackaringa Project, located near Broken Hill in New South Wales.

Under the new partnership, LGI will provide capital and technical assistance for the TJV to make a high purity battery grade cobalt sulphate.

Shares in Broken Hill Prospecting (ASX:BPL) are trading up 5 per cent to $0.10c

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.