Ann: Change of Director's Interest Notice x 2, page-6

And US Cobalt's (First Cobalt's now) Idaho resource is very small at 7.5kt contained tons...They do hope to possibly double that to 15kt but still very small....eCobalt's resource nearby is 25kt with a mine life of 12 years and Capex of $185M with pre-tax payback of 3 years producing 1.6ktpa...eCobalt finished their DFS in September and are still waiting on offtake partners and funding to build the mine..

So far most off takes for cobalt have been for the larger resources of 50kt or more as these offtake partners need large amounts of cobalt so when they make a deal they want it to last them for a long time...

I agree First Cobalt should have prioritized their refinery although I expect when all is said and done the refurbish cost will be many $$millions...