STANTON RESOURCE UPGRADE INCREASES CONTAINED COBALT

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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.

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