If you look at the major cobalt mines operating in the DRC they have downstream processing plant on site.
Including Huayou Cobalt
Perhaps the potential shift of direction to mining and the benefits to Huayou and CATL represented greater immediate benefits and an insurance policy against the other 5 or 6 players.
Already mentioned in depth benefits to both Chinese Majors.
The drill bit assays will be a company maker for AVZ.
All Imo
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- Ann: December 2017 Quarterly Activities Report
Ann: December 2017 Quarterly Activities Report, page-65
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