Ann: Hipo to Earn-In to Advanced Battery Technology Business, page-41

DRC cobalt would take us to 10c = 38M Mcap..

Check out @*********ASX’s Tweet:

Why cobalt?
To get to the heart of the cobalt problem it is important to understand why manufacturers, like Tesla, continue to pay for this metal even though the price has tripled over the last two years.

Cobalt is a key ingredient in three of the five primary lithium-ion battery formulas.

Its unique properties allow manufacturers to safely increase the energy density of a battery from around 100watt hours per kilogram to 250Wh/kg.

In saying that, there are a number of alternative cobalt-free batteries under development.

These include some radical new battery designs being tested at the Ceder Group‘s research labs at the University of California and by start-ups like Canadian company NanoOne, who are trying to shake up the industry.

But none of these solutions are battle tested yet, let alone in any position to meet the world’s insatiable demand for batteries.