Thanks Bobsa,
Liked this paragraph:
Ardea Resources [ASX:ARL] (OTC:ARRRF) looks the standout to me of the Australian cobalt companies, especially given it still has a small market cap of AUD 48m, and a very low EV/resource ratio. Few investors realize how massive their resource is, as stated by the company, it has "Australia’s and the developed world’s largest cobalt resource", with 5.6 million tonnes of contained nickel (@0.7%), and 386,000 tonnes of contained cobalt (@0.05%). Its higher grade KNP cobalt zone has 85,410 tonnes of contained cobalt (@0.13%). Its recent scandium discovery may help reduce production costs as a valuable by-product credit. The company also has the Lewis Ponds gold-zinc project and the Mt Zephyr gold-nickel sulphide project. The company plans to release a PFS in January 2018. Investors can view their presentations here and here.
On July 24, Ardea released: "Quarterly operations report". Key results included, "outstanding drill results from Goongarrie South, upgraded KNP Cobalt Zone global resource, and scandium mineralisation discovered at several deposits."
Good comprehensive article
BE
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