Deal targets cobalt project processing potential
The agreement involves investigating the cobalt-copper-gold recovery potential for the Millennium project, north-west of Cloncurry.
Cobalt Blue has also been involved in evaluating the cobalt extraction potential of tailings from CuDeco’s neighbouring Rocklands project.
Global Energy Metals recently announced the outright acquisition of the Millennium project, adding to its battery metals portfolio.
With the strong understanding of the potential for the high-grade Millennium project as well as the Mt. Dorothy Project and Cobalt Ridge properties, collectively referred to as the Mount Isa Projects, the acquisition had positioned its as an exploration leader in the region for cobalt and battery mineral deposits, the company said.
Historical studies have shown that cobalt and copper concentrates can be floated from samples of drill core from the Millennium project.
Global Energy Metals and Cobalt Blue plan to prepare new cobalt-pyrite samples and test the applicability of Cobalt Blue’s pyrite processing technology to the concentrates.
“It is invaluable to conduct metallurgical testwork on this resource at this stage in its development and further de-risk the project while looking at various processing options for the company as it continues to grow the existing resource and delineate new targets at Millennium,” Global chief executive officer and director Mitchell Smith said.
“Given the encouraging results of previous metallurgical test with high recovery rates for copper, cobalt and gold we are confident that the results from this program can demonstrate a potentially viable option for the project.”
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