First Cobalt resumes drilling at Iron Creek Co-Cu Project
2021-09-24 13:52:13 [Print]
Canadian-based First Cobalt Corp. announced that it commenced drilling at Iron Creek, a wholly-owned cobalt-copper project in Idaho, USA. The company's objective is to double the size of the current resource over the next two years, in light of stronger commodity prices and an acceleration of EV adoption rates in North America.
Drilling will initially focus on extending the east and west strike extent of the cobalt-copper deposit, as well as down dip. The company's previous drill campaign expanded the resource along strike to over 900m and down-dip extensions to over 600m. The company plans to drill over 4,000 meters and expects to receive first results by the end of Q4 2021.
Drilling will initially focus on extending the east and west strike extent of the cobalt-copper deposit, as well as down dip. The company's previous drill campaign expanded the resource along strike to over 900m and down-dip extensions to over 600m. The company plans to drill over 4,000 meters and expects to receive first results by the end of Q4 2021.
Cobalt Chloride 24%min Delivered China
Unit:RMB/mt
China cobalt metal producers' inventory to production ratio statistics by province by month
Unit: %
