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clock Created with Sketch. 09/02/18
15:15
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Originally posted by Clark888
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Cobalt Recovery Initiative with Cobalt Blue I am a fan of the cobalt recovery initiative between Havilah Resources and Cobalt Blue. I see it as a win-win for both Companies and more importantly shareholders. I think the COB pyrolysis method to extract Cobalt is a game changer for Havilah Resources and Cobalt Blue, if the due diligence works out, the laboratory scale testing is successful and HAV can come to a commercial arrangement with COB. As an alternative to roasting (which is the process HAV would embark on for Mutooroo's cobalt if it had unlimited financial resources), it has me sold. Using the COB pyrolysis will potentially allow HAV to unlock many $Billions in value from its cobalt 'resources' across the Curnamona Province (in particular at the North Portia and Kalkaroo copper-gold deposits). For example, at the Kalkaroo copper-gold deposit potentially significant credits of cobalt are recoverable from a suitably designed processing plant, but no value has been assigned to this commodity in the present scoping financial models (draft PFS) because a JORC resource has not been recognised. A 3D Tour of the Kalkaroo Cu-Au Deposit At the 54 minute, 30 second mark (through to the 56 minute 5 second mark) on the 3D Tour of the Kalkaroo Cu-Au Deposit video (link below), Dr Giles talks about the location of the Cobalt and Molybdenum within the Kalkaroo deposit. Cobalt in pyrite (>500ppm) is towards the edge, whereas the highest Molybdenum (>500ppm) is located higher in the nose. Cheers
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I am optimistic of a 'deal' being done on the Mutooroo cooper-cobalt project , in the short-term. Cobalt reached a new multi-year high of A$47.19/lb (or A$104,060/tonne based on current A$/US$ rate of 0.7784) on 7 February 2018:These are only my random (happy) thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional expert
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