Cobalt- Outlook 2016, page-51

Here's a little on the BAR/CNJ world class high grade Cobalt project

Great asset- but Cobalt prices haven't quite recovered yet, so am happy they will make lots from the gold till prices recover

Not a typical Cobalt/Nickel laterite – no autoclaves required
Totally oxidised ore, fine, extremely friable, no drill and blast- this is the key
ƒPossibly Worlds fourth largest cobalt producer during first 3 years of production
Substantial net cashflow over 17 year mine life (A$1.65 billion) as per 2009 Cobalt price
Close to existing infrastructure
JORC Resource of 29Mt @ 0.56% 0.14% Cobalt, Nickel, 0.9%Manganese (1.5% Nickel equivalent)
ƒExcellent metallurgical characteristics
Virtually no clays present in the ore profile
ƒMineralogy almost entirely iron oxides (goethite and hematite)
Almost no silica
ƒShallow depth and thin overburden, 1.4:1 strip ratio
ƒAmenable to treatment at low cost, simple processing
Port Already in Esperence
 Major Sealed road 4 km from site
 Rail Directly from Port to Site
 Gas Pipeline 4 km from site
 Water Fresh and saline adjacent
 Town Comfortable 20 km
 Labour Stable residential workforce
 Power Grid power for camp

Based on mining 12.5 million tonnes from the Indicated Mineral Resource, two 900,000 tonnes per annum conceptual flowsheets are currently under investigation. One utilising a paste thickener (Thickener) and the other using an ion exchange resin-in-pulp (RIP). Early studies indicate both flowsheet options have similar capital requirements of approximately $65-70 million (including 30% contingencies on plant and equipment and $20 million for site infrastructure). Unit operating costs were estimated at $5.50/pound of cobalt for the RIP option and $5.55/pound of cobalt for the Thickener option.