http://www.thebull.com.au/premium/a/69029-asx-cobalt-miners-for-y...

http://www.thebull.com.au/premium/a/69029-asx-cobalt-miners-for-your-radar.html

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In February of this year Heron Resources Limited (HRR) spun off its non-copper assets into Ardea Resources Limited (ARL), including the Kalgoorlie Nickel Project.  This once active mining operation with Heron partnering with Brazil’s Vale reportedly ranks as having the largest cobalt reserves on the planet.

The company commenced drilling in March and plans to complete a pre-feasibility study by January of 2018. Early drilling results confirmed high-grade cobalt and nickel mineralisation at the project.

In addition to the Kalgoorlie Nickel Project (KNP) the company has the Lewis Ponds zinc/gold/silver project, but it is the cobalt extraction potential from the KNP that commands the company’s focus and investors’ attention.

A recent company presentation claims all lithium batteries will eventually use cobalt in their cathodes, with Toyota’s lithium cobalt pyrophosphate cathodes a potential game changer in battery technology, with production to commence in 2022.  Ardea claims it has its own game-changing technology for the extraction process – an acid leach achieving a 98.7% metal extraction rate.  

The dramatic share price rise is somewhat surprising given the company does not expect to commence a bankable feasibility study until the second quarter of 2018.  However, the size of the reserves and the 100% project ownership may be uppermost in the minds of investors..
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