Re: Cobalt Price Leaps, page-148

Interesting reading ARL's PFS yesterday. 600 million AUD Capex for 9300 tpa of contained Nickel and 1180 tpa contained cobalt. 25 year mine life.


BAR/CNJ scoping study 212 million AUD Capex for years 1 - 5 for 1900 tpa contained cobalt and 1760 tpa contained nickel. If recoveries improve by 10% for the cobalt and 70% for the nickel as alluded to lately in presentations then 2090 tpa of cobalt and 2992 tpa of nickel. Years 6 - 21 run rate assuming improved recoveries are 1400 tpa of cobalt and 2822 of nickel.