COB

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Cobalt in Australia, page-24

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Jenkstar

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31/07/22

22:26

Post #: 62842092
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Originally posted by leggy: ↑

Thanks have FT sub but forbidden to copy and paste whole article. here is a quick summary

It discusses a QLD Geology Professor going to a Mt Isa disused copper mine and finding 7,000 part cobalt per million. 300 parts (yes 5%) of that only would get miners excited. It was a “Eureka moment” she said. Oz has 20% of the worlds cobalt but currently only producing 4% of global supply.

many states and Fed Govt now looking at disused mines and “scouring” for cobalt.

The scale of the cobalt opportunity in these tailing dams and dumps would mean that we would not be making 3,000 or 4,000 tonnes of cobalt [a year], but four or five times that, if we were to bring that to the market,” Kaderavek said. He estimated that there may be as much as 300,000 tonnes of cobalt in forgotten mine waste left by companies over the past century when metals for batteries were not in high demand.

consultant Wood MacKenzie expects cobalt demand to double by 2050 (seems underwhelming? - leggy comment) and said “they think cobalt still has a place in the battery system for better performing batteries”. 25% EV sales currently don’t use cobalt and this figure is growing.While Australia has potential as a material cobalt supplier , experts queried whether investors would put up LT capital due to battery technology developing so quickly. Indo is quickly developing their cobalt industry and if Oz isn’t quick we may miss the opportunity.

that’s it basically

Expand

Big question is how do COB secure the mineral rights to such “deposits “?

Very exciting if they can secure a couple of sites.

COB Price at posting: 82.0¢ Sentiment: Hold Disclosure: Held
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Cobalt in Australia, page-24

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Featured News

Buyers (Bids)

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Cobalt in Australia, page-24

Top Stories

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News