Another outstanding result delivered from the drilling program was the recognition of significant cobalt mineralisation, which appears to be associated with copper and nickel mineralisation. Best cobalt assay results include: ▪ 19m at 6.6% Pb, 187g/t Ag, 0.5% Cu and 1,078ppm Co in BWRC002 ▪ 7m at 3.2% Pb, 79g/t Ag, 2.0% Zn and 1,232ppm Co in BWRC006
Cobalt prices have surged globally, with current LME spot prices over U$S90,000/t, as demand for the metal for inclusion in lithium batteries continues to grow. These preliminary cobalt results are very encouraging and will be followed up with denser drilling in future to better understand and define the distribution of the mineralisation.
MYL Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held