Out of the blue, Estrella has been able to announce that they have discovered high grade cobalt at shallow depth, with extensive further targets to drill and a host of historic (unassayed) samples to examine.uptake of electric vehicles in conjunction with concerns over supply shortages for the metal."
Further news will be eagerly awaited as this new area is drilled further as planned in the near future
The Company is cashed up and will soon begin drilling.
With any luck, this could at last be a huge asset for the Company (and it's shareholders).
I hope they can fast track follow up news. I found this comment very pertinent.
"The price of cobalt has risen dramatically in the past two years. At the time of writing the price had moved
through $US 90,000/t, its highest level since 2008, quadrupling its price of 2016. This is largely due to the strong
Great Cobalt drilling results
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| ESR (ASX) Chart |