We all have been discussing about Tin, but what about the exposure of ANW to Cobalt?
Current prices of Cobalt are reaching 8Y highs and according to this
article, big tech companies are having troubles with the supply
Whit Mt Cobalt having high grade Co almost at the surface level, who knows about the potential of this mineral in the company's future?
With current CO prices and demand to increase in the next decade, this company definitely offers a huge potential with a nice diversification of minerals all sourced from Australia.
With the announcement published in 23rd of Nov 2016, it was stated:
The results obtained from the recent drilling program compared favourably with drilling reported for other Australian cobalt projects as presented in Figure 3. The chart illustrates that the reported drill intersections for %Co for Mt Cobalt are at the higher end of grade and commence at shallower depths for metal factors above 2 (interval assay grade in %Co x interval length in m).
A strong correlation between cobalt and manganese drill assay results support the presence of cobalt as asbolite (Empirical Formula ‐ Ni0.3Co0.1Ca0.1Mn2+1.5O1.5(OH)2•0.6(H2O) ) and indicates the potential for ore grade material to be beneficiated from the host nontronite clay. Manganese ores have a typical specific gravity (SG) of 3.7t/m3 compared with nontronite clay of 2.3t/m3 and may be amenable to ore sorting and/or gravity separation, and beneficiation test work will be undertaken on Mt Cobalt material.
Happy to be on this ship!!
