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Ann: Opuwo Cobalt Project Scoping Study Commences, page-54

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happyonlithium

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13/07/17

22:46

Post #: 25857111
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Originally posted by Anush ↑

Thanks for the reply dunny!☺

I had a brief chat with Brendan and My understanding is that
Mineralisation does start from the surface and dips at between 40-60 degrees.
I was confused about the depth but It seems the minerals are intersected at 30 to 80 metres. Which is testing how deep it extends below the surface.
Apparently the mineralisation, no matter at what depth, extends to the surface, or just under.
Which clarified My thinking that its just all deep down.

On asking about mining methodology it appears open cut will be feasible.
Apparently using a conservative price model for cobalt extraction costs and profit.
He mentioned both open cut and underground mining options are still being evaluated.

Brendan mentioned expecting to define higher grade zones, which should improve the economics again.

Please remember that Im referencing from My notes. As such its not a 100% valid quote.

Cheers

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Not a bad time to take a position here @Anush
We will need to reinvest our AVZ profits soon no doubt.
The PFS comparison to other cobalt stocks will be the final realisation by others as to what a great resource we have here.
Hopefully higher grade to come with great mineralogy/metallurgy.
;D

CLA Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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