‘Clean cobalt’ windfall for Australian Vanadium
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Summary:
Australian Vanadium (ASX:AVL) has access to greater quantities of ‘clean cobalt’ after its partners upgraded its nickel-copper-cobalt resource at their shared project.
Bryah Resources (ASX:BYH), which holds the nickel, copper and gold rights over the Australian Vanadium Project at Gabanintha, Western Australia, has upgraded its resource by 119 per cent to 31.3 million tonnes grading 761 parts per million (ppm) nickel, 210ppm copper and 228ppm cobalt.
This includes a higher confidence indicated resource of 17.7Mt at 760ppm nickel, 205ppm copper and 229ppm cobalt, or 13,451t of contained nickel, 3,636t of contained copper and 4,055t of contained cobalt.
Here’s where it gets interesting for Australian Vanadium, which holds the vanadium, titanium, iron and cobalt rights.
The indicated re ...
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