How miners grade mineral discoveries, page-12

Yeah it's 72Kt ore at 1.27% and 26Kt @ 0.81% inferred, so about 1,121t cobalt overall. Their exploration target is 100-600Kt at a very wishful 1.15 - 4% cobalt for a contained 1,000 - 24,000t cobalt (page 9 of this report), as of March this year. I doubt they'll reach that upper limit sadly. This report states that historical production of cobalt in the entire region is about 14,000t, which is far less than the contained metal of single Australian laterites (as I see cobalt play has just posted). The hope is that the old boys ignored prospecting for cobalt as a primary metal, so missed a lot of deposits. IMO, the Nipissing Diabase holds promise for large disseminated systems more so than mega-lodes of supergene cobalt, which would be more in the 0.1% range.