Thanks Eric,
That's some great information especially regarding international markets and supply.
With respect to Yerilla, unfortunately it has similarly low graded laterites of Nickel at 0.7% and cobalt 0.04% to those spun off to create ARL.
Low grade Nickel and Laterite ores are the thorn in ARL side until further drilling in Cobalt Rich Zone and cheaper processing options for the Cobalt Oxides there.
Noting the announcement from 2009 it continues that Heron have been unable to isolate a process to justify feasibility of processing such difficult low grade KNP ores. Nickel price will have to be significantly higher to justify any mining here (Long Term) but the "Cobalt Rich Zone" exploration provides medium term prospects, IMO.
Largest cobalt resource with lowest valuation, page-77
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