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Ann: Opuwo Cobalt Project Maiden JORC Mineral Resource, page-131

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coffeepicker

177 Posts.

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16/04/18

12:30

Post #: 32479636
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Originally posted by coffeepicker ↑

Todays announcement cries out for a complete re-raring of CLA.

The high cobalt content and now very large mineral resource make this one of the largest cobalt deposits in the world.

I keep pinching myself that CLA have found such a huge cobalt resource. And to think that a short time ago we were hoping to see a resource of up to 40 million tonnes! (Now we're talking about 112.4 million tonnes of inferred resource & 126,100 tonnes of contained cobalt. The CLA announcement modestly states that these results "significantly exceeds the Company’s expectation and its previously announced exploration target") You bet they do! AND the announcement that "further drilling, which is already underway, will enable future upgrades to the maiden JORC Mineral Resource."

So even more 'blue sky' yet on this one. This is wonderful stuff.

So now we are looking a the Project Scoping Study for Opuwo by late in Q2, 2018 ie. by June 2018 (if not sooner perhaps?).Then the fun begins. CLA will be looking at the method of mining, estimated of life-of-mine production targets, (approx.) site infrastructure costs and (approx.) returns, as well as project scheduling (hopefully we're still looking at production commencing in late 2020, according to the last announcement by BB).

Thank you BB and the team for working on this project and thank you to the dedicated investors who have stood by the company and backed it at every turn.

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Re-rating of CLA.

Sorry, must have got a case of 'typists wobbles' due to the excitement.

CLA Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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Ann: Opuwo Cobalt Project Maiden JORC Mineral Resource, page-131

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Ann: Opuwo Cobalt Project Maiden JORC Mineral Resource, page-131

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