Ann: Centaurus Secures Nickel-Cobalt Development JV at Itapitanga, page-70

Absolutely fantastic deal and unfolding development in regards Itapitanga project. One which shouldn't be all that much of a surprise to us I guess. Re: my attached comments from back on 10th July.

Date:
10/07/18
Time:
10:38:30
Post #:
34246425


And after all , we all knew that Itapitanga had some relatively high grading results which has been reinforced by this statement in yesterday's announcement :-

" Initial processing testwork – completed by new JV partner Simulus – has demonstrated that the Itapitanga mineralisation is amenable to multiple leaching processes, with metal extractions for nickel consistently over 98% and cobalt over 94%. "

What I really like about the announcement is the fact that the deal leaves open to a large extent the as yet undefined and potentially largish Sc results. Perhaps this will be the key to kick starting the OB's following a very much anticipated and expected fast tracked scoping study.

You might even be able to read between the lines folks in these other statements made in this same announcement.

" The scandium mineralisation has not been considered in the nickel equivalent calculations as scandium results were so far only collected for about half of the drilling. Intersections were arrived at using a 0.50% nickel or 0.08% cobalt cut‐off and 2m maximum internal waste (refer to ASX Announcement 28 August 2018 for detail on all drill results): "

and ,

Simulus’ Managing Director, Mr Brett Muller, said:

“ The Itapitanga Project is of particular interest for us given its relatively high nickel‐cobalt grades as well as other chemical characteristics that should lend the project to a process flowsheet with low process operating costs. "


So all in all , an expanded deal perhaps is yet to come on this one folk's. Maybe even an off-take partner in the first half of 2019 for our Ni , Co and/or all our potential Sc. Like I said before - Good things do come in Three's.......... What's even better though is how the Market is seemingly allowing the participants to accumulate as much stock as they wish at these incredibly discounted entries. I suppose history will be the judge as to just how cheap the current SP is given these developments ........