Not a geo, derosie, but most cobalt is mined as a by product - mainly copper & nickel. This document gives some information on deposit types, major deposit classes, typical economic grades, etc.
http://nora.nerc.ac.uk/8727/1/Cobalt_Profile.pdf
BPL/COB Thackaringa Cobalt Project, Broken Hill, NSW, is said to be a "pure" cobalt play that has a 35.7 m tonne resource grading 0.084% cobalt for 30,000 tonnes of contained cobalt. You may recall I recently posted some information on the new tenements AXE has applied for in the same area.
COB, spun out of BPL, listed today.
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