43,400 tonnes of cobalt in JORC Mineral Resources contained in two advanced projects, namely Kalkaroo and Mutooroo.
Cobalt is contained in cobaltian pyrite in association with copper sulphides, and is readily concentrated as a by-product of the copper flotation process.
Excellent logistics, being located in northeastern South Australia near Broken Hill with the Transcontinental railway and main highway nearby.
An ethical source of copper from a low sovereign risk, tier 1 environmental, social and governance (ESG) destination.
- Cobaltian pyrite will be recovered as a by-product of the copper sulphide concentration process.
- Appreciable associated gold in the pyrite concentrate (average 2.5- 3 g/t) that will enhance economics of the cobalt recovery process.
- One of the highest grade sulphide cobalt deposits (0.16% cobalt) in Australia with associated copper (1.53% copper).
- Mining operation underpinned by copper with cobalt as a by-product.
- Very high exploration upside as the extensive copper mineralisation in the region invariably has associated cobaltian pyrite.
- Exceptional cobalt grades in surface geochemical sampling in the Mutooroo cobalt district (peak values 0.20-0.60% cobalt).
Copper, gold, cobalt JORC Mineral Resource inventory – 1.3 million tonnes of copper, 3.2 million ounces of gold and 43.4 thousand tonnes of cobalt.
Kalkaroo copper-gold-cobalt deposit – 100 million tonne open pit JORC Ore Reserves of 0.474 million tonnes of copper and 1.4 million ounces of gold.
Mutooroo copper-cobalt-gold deposit – 13.1 million tonnes of 1.5% copper, 0.16% cobalt and 0.20 g/t gold open pit massive sulphide deposit.
Iron ore – three deposits namely Maldorky and Grants JORC Resources and Grants Basin, with potentially several billion tonnes of iron ore mineralisation.
Over 16,000 km² of highly prospective mineral tenements in South Australia – unmatched elsewhere in Australia.
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