What they are proposing through the identified agitated leeching process is extracting 80% Cobalt and 25% Nickel.
In which on indicated numbers gives a return of 18,592T Cobalt and 24,900T Nickel.
Potentially these numbers would be much larger if we factor in the inferred grades, potential to go deeper and the fact that Platx Limited (Mark Creasy owned) has according to the DMP database a significant resource directly to the north of the deposit.
The bottom shaded rectangle indicates the Mt Thirsty tenement (R63/4) and one can see the drilling work Platx Limited (E63/1041) which surrounds BAR/CNJ tenements has undertaken directly to the north of the ore deposit.
In 2013 they identified $67M Capex requirement for this solution compared to the $400-800M that has been disclosed before to extract the nickel fully.. I have yet to see a Cobalt marketed deposit on the TSX or ASX with a capex this low.
Yesterday's Chairman's report from BAR gives an excellent rundown:
gold, page-13856
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