LOT 3.33% 46.5¢ lotus resources limited

Yerida Basin Cobalt

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    MCT news today worth reading for those doubting the cobalt in the Yerida Basin.
    The news puts forward reasoning for the hosting of copper, cobalt, nickel.
    MCT is also bringing in a Zambian/DRC copper belt geologist specialist to assist with exploration - as it is in their opinion a similar matching basin.

    Historical rock chip samples and shallow RAB drilling have similar results to RVR historical data.

    Cobalt is there.  Just how much is at depth and in concentrated zones will be answered by follow up drilling by both parties soon.

    View attachment 504819 View attachment 504822
    Last edited by africadale: 15/03/17
 
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