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Northern Cobalt Ltd.
Summary
| Project: | Wollogorang | |
|---|---|---|
| Deposit: | Stanton | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 4/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-4-2018: Northern Cobalt Ltd. announces a Resource Estimation report for its Stanton deposit at the Wollogorang project. Upgraded mineral resource estimate at project. Northern Cobalt (ASX: N27) is pleased to announce a resource upgrade for the Stanton C | |
| Resources: | (Resource, I+I): 942Kt @ 1300ppm Co, 600ppm Ni, 1200ppm Cu, 2400ppm S | |
| CP/QP: | [Resources]: Graeme McDonald (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | Northern Cobalt (ASX: N27) is pleased to announce a resource upgrade for the Stanton Cobalt Deposit at its 100% owned Wollogorang Cobalt Project in the Northern Territory. The results for the JORC 2012 compliant Total Mineral Resource Estimate are reported as 942,000t @ 0.13% Co, 0.06% Ni and 0.12% Cu. Importantly the contained cobalt within the resource has increased and has been largely moved from inferred to indicated status indicating a greater degree of confidence. The previous Mineral Resource Estimate of 500,000t @ 0.17% Co, 0.09% Ni and 0.17% Cu, was reported by Northern Cobalt in its Prospectus in September 2017. Northern Cobalt’s Managing Director, Michael Schwarz said “The upgrade of the Stanton Resource is a positive start in understanding the cobalt potential of the Wollogorang Cobalt Project. Assay results from the diamond drilling completed last year will be included in the near future. In addition, metallurgical testing currently underway will provide a valuable insight into the possible processing options. Now the wet season is nearing the end, exploration drilling will commence in the coming weeks to test 37 newly identified targets, using lighter and less expensive drilling rigs in a busy 2018 field season for Northern Cobalt.” | |
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