N27 0.00% 3.6¢ northern cobalt limited

Key Info on Northern Cobalt

  1. 264 Posts.
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    To help new holders or  inform potential ones
    What compelled me to buy N 27 ( adding to position in other Cobalt companies) last week after studying it for months:
    -Really high grade Cobalt for Australia: based on JORC  2012 it is 0.17% but some samples are way higher ( up to 1.3% Co)
    -Cobalt is the main metal and Sulphide type
    -JORC 2012 (small as this early stage but mineralisation open to Nwest and S-SEast)
    - Good Mgmt (Chairman ex BHP Marcketing director, MD 20 y experience in mineral exploration.)
    -Mineralisation from Surface to 90m + Flat lying sediment hosted mineralisation =likely Open pit operations reducing CAPEX and Opex.
    -Feb.  2018 Acquisition of Aruntha Lithium Tenements: Lithium (Pegmatite) + Rare Earth (7% LA- 12%CE in roch chip) & Cobalt,  East of Alice Springs, around 400km2 = Cobalt + Lithium + Rare Earth !
    - Feb. purchase of  pXRF analyser for coming exploration season: this is an amazing piece of equipment as it give results in real time. Imagine the time (= money) saved. Kudos to mgmt for using it this year.
    -Tightly held , 40 M shares for a low MC of around $ 14.5M
    -Jan 2018: Granted 5 add tenements surrounding exisiting ones: land size increase from 1100km2 to 5000 km2. Same prospective geology as current tenements of Stnaton. + Application for 2 more tenements in adjoining Queensland for combined 630km2
    -Additionally Investors should have a look at  page 2 of a write up by Far East Capital on Nov 4th 2017 ( in a nutshell it mentions that previous owner CRA calculated in the 90 ies 4-5Million Tons at 0.3% Co. Can't be used officially by N 27 bcose no JORC) . See http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm4Nov2017.pdf

    Coming up:
    A lot is about to happen to this company very soon which should be a catalyst for a higher SP:
    -New resource calculation • Due to be completed late March 2018 based on Co prices less than 50% the current spot prices.
    -Diamond Core Assay • Due to be received late March 2018
    -Metallurgical Test Work • Due to be completed mid June 2018 •
    -Scoping Study • Due to be received late June 2018 •
    - Define extent of new mineralisation  with Aim to  restart exploration/drilling mid April, weather permitting.

    Feel free to amend/correct or add. This is a "team effort"  to help/inform new or potential investors in N 27.
    Northern Cobalt is going to have a very busy year.
 
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Currently unlisted public company.

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