A quick update on Platx Limited: E63/1041 which is the adjacent...

A quick update on Platx Limited:

E63/1041 which is the adjacent tenement to CNJ/BAR's Mt Thirsty deposit reported a yearly expenditure of $369,465 (Jun 2015 - Jun 2016)which is triple their $108,000 requirement agreed with the WA Department of Mines and Petroleum. What exactly this went to I don't know but by far their biggest asset on that tenement is the northerly continuation of the Mt Thirsty deposit.
This information is available to view on the DMP website - "Tenement Registrar"



An article that's been out a few days now but I don't think has been posted here is worth a read:
http://benchmarkminerals.com/Blog/cobalt-price-gains-begin-h2-surge-likely/

"This tightening in supplies has been met by heightened interest in the market as a result of growing demand from the lithium ion battery sector, seeing greater speculative buying in the market and a willingness from suppliers to retain stocks ahead of what some believe could lead to price increases of up to 40% by the end of the year."

London Metal Exchange was closed today so we will have to wait until tomorrow for a Cobalt price update.