STANTON RESOURCE UPGRADE INCREASES CONTAINED COBALT
STANTON RESOURCE UPGRADE INCREASES CONTAINED COBALT
- First resource upgrade reported from Northern Cobalt’s drilling at the Stanton Cobalt Deposit, Northern Territory
- Contained cobalt has increased by 41% from 850t to 1,200t, with an increase in resource tonnes of 88%
- Drilling set to resume in coming weeks to test 37 newly identified targets
Northern Cobalt (ASX: N27) is pleased to announce a resource upgrade for the Stanton Cobalt Deposit at its 100% owned Wollogorang Cobalt Project in the Northern Territory. The results for the JORC 2012 compliant
Total Mineral Resource estimate are reported as 942,000t @ 0.13% Co, 0.06% Ni and 0.12% Cu.
Importantly the contained cobalt within the resource has increased and has been largely moved from inferred to indicated status indicating a greater degree of confidence.
The previous Mineral Resource estimate of 500,000t @ 0.17% Co, 0.09% Ni and 0.17% Cu, was reported by Northern Cobalt in its Prospectus in September 2017.
