Grade is king for Delecta in Nevada cobalt play, page-5

Who is that in the mine? Is that stash trying to get some pocket money by looking for Cobalt nuggets? Or just someone relieving himself/herself?

The copper price is also looking pretty good right now too at around USD$6,275 per tonne.

Upon exercise of the option agreement, Delecta will contract a consultant geologist to engage with the vendor of the Highline project, for which he will be paid an agreed day rate and be entitled to up the 40 million Delecta options at a strike price of 1.5c, upon achievement of certain milestones. (Dilution but DLC has a low SP anyway)

Delecta’s Highline play is a classic one that is being replicated across a swathe of fast moving ASX listed juniors right now. It involves finding historic old small-scale mines that were known to produce super-high grades in their day but have seen a dearth of modern exploration techniques.

Many of these projects have mouth-watering mineral ore grades, the challenge now for companies like Delecta is to show they have real scale by applying some regional exploration smarts.

Finding old reports that show cobalt grades at 12.45% and copper at 35% is sure to quicken the heartbeat in any case.

https://thewest.com.au/business/pub...r-delecta-in-nevada-cobalt-play-ng-b88982675z