cobalt

Please find attached a recent article from Mineweb. Vulcan’s Definitive Feasibility Study is envisaging production of approximately 1,400 tonnes per annum of cobalt from the Kylylahti mine. This contained metal would be valued at $US130 million at today’s prices. The proposed Kylylahti concentrates will also contain 8,000tpa of copper, 850tpa of nickel, 3,000tpa of zinc and 8,750oz pa of gold.





Cobalt price running wild on predicted big supply shortfall

Cobalt was perhaps overshadowed by gold and uranium and other base metals during 2007, but the metal’s price is accelerating on tight supplies and a predicted big shortfall as demand grows fast.

Author: Rodrick Mukumbira
Posted: Thursday , 03 Jan 2008

WINDHOEK -

It is not as luxurious as gold or as hot as uranium, but cobalt left its mark in 2007, as the former and the latter overshadowed its profile.

Speculative buying and consumer demand in the face of supply constraints in the Democratic Republic of Congo (DRC) and the depletion of US government's and former Soviet Union's stockpiles saw the price for the metal surging over 60% in 2007, the highest since a modern market for cobalt trading was established in 1978.

To view the entire article please click on the link below.

http://www.vulcanresources.com.au/aurora/assets/user_content/File/Mineweb3Jan08.pdf





Regards

Alistair Cowden
Managing Director
Vulcan Resources Limited