Castillo Copper Ltd (LSE:CCZ, ASX:CCZ)’s has prioritised the modelling of a JORC 2012 mineral resource estimate (MRE) for cobalt across the BHA Project’s East Zone, following a strategic review of the asset near Broken Hill in the far west of New South Wales.As a result, the previously announced intention to spin out and list the BHA Group on the ASX has been deferred.This will enable the board to focus on expediting the development of the East Zone.Identifying the cobalt potential within the East Zone is timely, with the battery metal upcycle ongoing and the New South Wales Government listing the BHA Project on its critical minerals list. QUOTE released today
This may become relevant in the future but just highlights the potential of the Broken Hill Province to supply global cobalt demand as the market grows IMO
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