Ann: High Grade Cobalt Mineralisation Potential Confirmed, page-17

Yeah.. with the 0.5% intercepts.. getting say 500×500m at 30m thickness like Drill01 at these grades will provide about 100k tonnes of cobalt..
In such a small area.. expect low costs...
Add in all the other bits across the acreage and its heading to about 150k tonnes cobalt..

Drill05 also has about totalled up 15m at 1% cu on average.. not to be sneezed at.. on top of those Drill01 totalled up 40m odd at above 1% cu..

Interesting thing is that deeper in the 01 drill due to poor recoveries no intercepts were reported yet in same/similar geology across in Drill02 they have a total of 30m at average 0.16% cobalt and also almost totalled up 15m at average in mid 1% range for cu...

The cross sections show the complexity of the geology and why the mashamba east mine group probably didnt bother taking on kamilombe.. easier to mine a flat sedimentary layer than bother with this..
But.. tar can drill out the northern/central part at 100m spacings also to slightly deeper endings and ensure very good core recovery.. and i think they will have minimum 100 to 150k tonnes cobalt..
Getting closer to 200k figure if mwilu can muster up the rest...
Would like them to post their exploration target when all results are in and final decision is made on mwilu... they might not state it due to the geological complexities though.. we shall see...

Cobalt price at 65k usd per tonne at fx 0.725 gives almost 90k aud per tonne...
100k cobalt would be worth some 9bill aud intheground value.. at 1% thats 90mill aud.. target for the marketcap ))