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eCobalt Solutions Inc.
Summary
| Project: | Idaho Cobalt | |
|---|---|---|
| Deposit: | Idaho Cobalt | |
| Location: | United States | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 9/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2017: eCobalt Solutions Inc. announces a Feasibility Study report for its Idaho Cobalt deposit at the Idaho Cobalt project. Feasibility study results incl. post-tax NPV (7.5%) of $136M, IRR of 21.3%, LOM of 12.5yrs. In June, 2016, Formation Capital C | |
| Resources: | (Reserve, P+P): 3.662Mt @ 0.47% Co, 0.015oz/t Au, 0.68% Cu at project | |
| CP/QP: | [Resources]: Charley Murahwi (Micon International Ltd.) | |
| ABSTRACT: | In June, 2016, Formation Capital Corporation, U.S. (FCC), a wholly-owned subsidiary of eCobalt Solutions Inc., commissioned Micon International Limited (Micon) and its subconsultants, SNC Lavalin Inc. (SLI), to prepare a Feasibility Study (FS) for the production of battery-grade cobalt sulphate along with copper, magnesium sulphate and gold in by-products from its Idaho Cobalt Project (ICP) in east central Idaho, USA, and to summarise the results of that study in this Technical Report prepared in accordance with the reporting requirements of Canadian National Instrument (NI) 43-101. The purpose of this report is to support the public disclosure of the ICP mineral resources, reserves and the economic results of the FS. The ICP property is 100% owned by FCC and consists of 243 contiguous unpatented lode mining claims located in east central Idaho, approximately 25.8 miles west of the town of Salmon. The property covers 4,475 acres centered on 45°07’50” north latitude and 114°21’42” west longitude. There are no current exploration activities. However, the Ram deposit resource remains open at depth and along strike offering opportunities for expansion. The Sunshine and East Sunshine deposits are within a mile trucking distance of the Ram and represent additional potential to the mineral resources of the ICP. | |
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