Lithium, nickel, cobalt and copper are crucial tobattery performance and longevity for energy transitioning into 21stcentury
Rapidly rising global demand for critical minerals, such as copper, lithium,nickel, cobalt, and rare earth elements is being driven by technologicalinnovation and the transition to zero emissions energy systems.
Read an article dated 16 March 2022 below for moreinformation on the growing support from the Fed govt for critical minerals andcobalt is one of them which is rare in occurrence:
https://www.minerals.org.au/news/australia-ready-make-most-growing-critical-minerals-demand
Hope, thiswould give you an idea as to why CCZ management suddenly got interested inexploration and planning for BHA. No doubt, CCZ would need to have acomprehensive strategy to fully explore all its 100% owned leases within theBHA, NSW
I’m sureexploration campaign couple with drilling planning in coming weeks and monthswould place CCZ in a new paradigm.Potential of Cobalt at BHA is huge asmajority of the area at BHA remained unexplored for various reasons.
One canthink of cobalt prospects at BHA given proven cobalt reserves at Cobalt Blue's (ASX: COB) Thackaringa. COB is above 80 c as on today. So, you can assume where CCZ would bereaching in few months when the drilling commences given CCZ leases has thesame geological formation as that of COB owned leases.
Another point to note here is that CCZ leases in Broken Hill are farbigger in area and size.
DYOR
