CLA 0.00% 1.4¢ celsius resources limited.

Ann: Opuwo Cobalt Resource Drilling Program Update, page-127

  1. 42 Posts.
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    None without nickel and / or copper at least as co-products. And then there are a few. Are you allowed to promote competition on this forum?

    I think Clive Palmer should reopen Yabulu and try to capture some of the SE Asian / Pacific DSO, whereby cobalt is mined and then lost in Chinese pig nickel iron smelters. Problem is that Yabulu is poorly located and a dinosaur (but watch this space). Further, Indonesia should hasten their ramping up of domestic refining.

    In the modern era, as a stand-alone single commodity ore, only cobalt from the mineral heterogenite has proven to be viable on a large scale. This forms as a weathered / supergene cobalt hydroxide, which is common as a mineral, but not as an orebody (except in the DRC).

    If I was an investor of Celsius, I would be asking what are the target specs for the cobalt dominant concentrate, who will buy it, and at what sort of discount to the metal value at the port. Currently there are no large scale operations producing such a product, nor (as far as I know, but correct me if wrong), any large scale refiners buying such a product (including from the developing world's small miners). As far as I know if cobalt concentrate is being put on ships as a majority or stand-alone commodity it is at many multiples of the percent Celsius achieved in the initial met. tests.
    Last edited by OreShoot: 13/12/17
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