Ann: Thick High-Grade Copper and Silver - Initial Holes at Dibete, page-38

Hi Corker, your reply much appreciated.
Still feel cobalt holds a key to BML given the price, though from the recent NZC feasibility study they felt the monetisation of their cobalt was a little problematic to the degree NZC would possibly bring in a plant to make the product saleable. Of course their Cu and Co hugely high grade, whereas at present levels BML could only look at a Co bi product. Nonetheless, BML have cobalt occurrences over a large area, and Airstrip is only 550m from the MADD0117 Maibele North drill hole. As all will recall cobalt was not included in the first Maibele JORC, but was supposed to be included in the Worley Parsons feasibility study which has never been publically released by BCL (the JV earn in company now insolvent) who relied on the "commercial in confidence" excuse to not release the report. Still not released. In addition due to BCL financial constraints many holes were not assayed for Co.

At the BML homepage announcements section the Ann of 30 May 2016 re-reporting the 2014/2015 Cobalt results not included in the first JORC gives the Cobalt results of all M-N holes assayed for Co for that period....


Again, the Ann of 2 March, 2017 gives some Co assay results specific to Airstrip, and is worth a re-look.

As purely an arithmetic exercise the contained Copper at Maibele at 0.21% is only say 4.5lb x US$3, giving say US$13.50 per tonne of ore, At day's end extraction capability, cost thereof, and saleability will count, but it's worth noting, as bi-product, an average (if recoverable) of 550ppm or 0.05% at current Co price would add say 1.1lb Co worth say US$30 to the in the ground value of the ore mined.

Regards to all.














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