Ann: Quarterly Cashflow Report, page-5

''Delecta told investors this morning that it had decided to go ahead with the acquisition of a cobalt and copper mine in Nevada, US.
The decision to acquire the mine came after due diligence showed high grades of up to 3.5 per cent cobalt and 36.7 per cent copper.
In general, anything over 2 per cent cobalt and 1.5 per cent copper is high grade.
The mine, which sits next to projects held by Aussie small cap explorers New World Cobalt (ASX:NWC) and Tyranna Resources (ASX:TYX), was a small-scale producer between 1917 and 1921.''