KNP, Australia’s largest cobalt resource Containing 386,400...

KNP, Australia’s largest cobalt resource

Containing 386,400 tonnes of contained cobalt metal, the KNP is Australia’s largest cobalt deposit. By this measure, it is more than three times larger than Australia’s second largest cobalt deposit. The newly-reported cobalt resource from the high-grade KNP Cobalt Zone is a subset of the larger KNP resource, and this subset is by itself Australia’s fourth largest cobalt resource, containing 59,600 tonnes of cobalt metal. The KNP Cobalt Zone also has one of the highest cobalt grades in Australia.

Vale Inco completed a $34.5 million Pre-Feasibility Study (PFS) on the KNP in 2009 concluding that it is “one of the most prospective nickel laterite tenement packages in the world” and “the KNP tenements form one of the largest potential nickel laterite deposits in the world”.
Vale and Heron spent about $50m on the KNP.

Notes to my following table:

According to yesterday's announcement, "The current scoping model is to target up to 2 Mtpa or ore production aiming for an initial cobalt production grade 0.15% cobalt and around 1% nickel."
Annual production for cobalt will increase substantially to approximately 2,200tpa.





SUBSTANTIAL HOLDERS:

Three substantial holders collectively hold 28.56%

- Ian Buchhorn and associates (Director) 12.51%
(Director IB bought 200k @19c on 10 February 2017)

- B O'Shannassy and Associates 7.97%

- Greenstone Management (Dalaware) LLC 8.08%



VOLUME ANALYSIS:

Broker data for 9 - 21 February 2017

Net Buys:



Net Sells:














Please always do your own research.

Enjoy weekend