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21/05/2018

Cobalt added to Vanadium at Gabanintha

Potential byproduct containing key battery metals cobalt, nickel and copper demonstrated in metallurgical test work

Highlights:

Cobalt, Nickel and Copper in a sulphide concentrate recovered from non-magnetic stream in bench-scale tests on fresh high-grade massive magnetite at Gabanintha.
Sulphide concentrates produced from flotation containing 3.8 to 6.3% of base metals including 1.54 to 2.02% Cobalt, 1.36 to 2.58% Nickel and 0.82 to 1.70% Copper.
Sulphide recovery circuit to be evaluated as part of the PFS processing flowsheet.
Cobalt is a critical metal at long term high-prices due to extreme battery demand with ethical supplies highly sought after.
Sale of a byproduct Cobalt, Nickel and Copper sulphide concentrate has potential to increase revenue at Gabanintha.
Resource estimate on base metals currently being conducted.
New drilling and further test work to be undertaken to fully evaluate this unique opportunity.

Cobalt Nickel Recovery View PDF (1MB)