Home Stock Market Cobalt Miners Information For The Month Of October 2020

Cobalt Miners Information For The Month Of October 2020

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Welcome to the October 2020 cobalt miner information. Maybe the largest information up to now month was the White Home Government Order on crucial minerals (consists of cobalt). Different information continued with analysts saying it’s not really easy to put off cobalt in vitality dense EV batteries, and continued considerations about cobalt thrifting as presumably the reason for battery-fire dangers in electrical automobiles. Supporting this had been studies of OEMs looking for 5-10 yr long run cobalt provide contracts and China’s cobalt steel imports hitting a report together with final months studies China plans to stockpile cobalt.

Cobalt value information

As of October 20, the cobalt spot value was US$14.96/lb, down from US15.41/lb final month. The LME cobalt value is US$32,980/tonne. LME Cobalt stock is 451 tonnes, the identical as final month. Extra particulars on cobalt pricing (particularly the extra related cobalt sulphate), may be discovered right here at Benchmark Mineral Intelligence or Fast Markets MB.

Cobalt spot costs – 5-year chart – USD 14.96

Source: Mining.com

Cobalt market information

On September 28 Fastmarkets reported:

China’s cobalt steel imports hit report excessive in August. A complete of 1,130 tonnes of cobalt was delivered to China in August, a rise of 245% from the prior month and 421% greater than the identical month of final yr, in keeping with Chinese language customs information. August’s quantity is the best ever in a month.

On September 30 The White Home announced:

Government Order on addressing the menace to the home provide chain from reliance on (35) crucial minerals from overseas adversaries | The White Home……I subsequently decide that our Nation’s undue reliance on crucial minerals, in processed or unprocessed type, from overseas adversaries constitutes an uncommon and extraordinary menace, which has its supply in substantial half exterior america, to the nationwide safety, overseas coverage, and economic system of america. I hereby declare a nationwide emergency to take care of that menace. As well as, I discover that america should broadly improve its mining and processing capability, together with for minerals not recognized as crucial minerals and never included inside the nationwide emergency declared on this order.

Observe: The above report says the US Gov. will look into giving “grants to acquire or set up manufacturing tools for the manufacturing and processing of crucial minerals in america”, “mortgage ensures” and for tasks that assist home provide chains “funding awards and loans pursuant to the Superior Know-how Autos Manufacturing incentive program.”

You may view the US crucial minerals record here. It incorporates cobalt, graphite, lithium, manganese, PGMs for catalytic brokers (Eg: palladium), uncommon earth parts group, scandium, titanium, vanadium and so on.

On September 30 S&P International reported:

Glencore dealer Brocas says OEMs looking for 5-10 yr offers for cobalt for EVs. Glencore, the largest world cobalt producer, is making an attempt to mitigate the chance of any huge rally in costs or shortage of provide brought on by vitality transition demand by discussing and getting into long-term provide preparations with OEMs, David Brocas, the corporate’s lead dealer of the minor steel, stated Sept. 30. “Provided that we get very long-term visibility on [customers’] wants for cobalt will we be capable of dimension our manufacturing in the precise manner,” Brocas instructed the digital FT Commodities International Summit. “We within the mining business must know because the lead time for funding into a brand new mining asset is two-three years and we can’t make investments … thousands and thousands of {dollars} in difficult locations like [the Democratic Republic of Congo] if we do not have a assured outlet,” he stated, noting that the cobalt market is presently oversupplied. Prior to now, the longest cobalt provide contracts had been for one yr, however that is quickly altering as a result of Glencore is pushing for it.

On October 8 Battery Supplies Evaluate reported:

October’s lead article is in regards to the persistent under-investment in battery uncooked supplies provide and the menace it poses to the EV occasion. Since 2018 US$50bn has been raised for brand spanking new battery capability, US$60bn for EV capability however solely US$8bn in new uncooked supplies capability…and uncooked supplies capability takes 2-3 years longer to construct. There’s now a cloth danger of supranormal uncooked materials costs which is able to affect battery costs and EV makers’ profitability.

On October 8 Investing Information reported:

Not so quick — Tesla, different EV makers can’t reduce cobalt simply but. “To take away cobalt is extraordinarily difficult from a technical standpoint, and I consider the know-how continues to be being developed by Tesla.” The EV maker is on a quest to take away cobalt and enhance nickel, which might carry extra vitality density to its batteries. However extra nickel on the expense of cobalt means decrease cathode stability, Gavin Montgomery of Wooden Mackenzie additional defined. “To get round this, ‘novel coating and dopants’ had been talked about,” he instructed INN. “Nonetheless, with out additional particulars, we’re not satisfied the issue has been solved simply but.”…. “With out it, the battery will start to degrade and this can see untimely capability fade,” he defined. “The potential price implications for this are enormous, as if capability dips under the stipulated retention within the guarantee supplied by the producer, the pack will must be changed on the automaker’s price.”….. For Woodmac’s Montgomery, these cobalt provide offers show fairly clearly that Tesla will want cobalt for a while to return, and thrifting cobalt from cells stays difficult….. “These cells are more likely to proceed to make use of cobalt-containing cathode, so Tesla will proceed to want to safe cobalt for a while to return,” he stated. “In the end the undersupply we predict within the cobalt market outweighs any potential change in Tesla demand.”…..Benchmark Mineral Intelligence forecasts that battery demand for cobalt will triple between now and 2026 — and that takes into consideration adjustments in the direction of extra nickel-rich chemistries.

On October 19 Morningstar reported:

Auto makers grapple with battery-fire dangers in electrical automobiles. Auto makers are confronting a brand new problem of their race to promote extra electrical vehicles: battery-related fires resulting in automobile remembers and security probes……A report the company commissioned in 2017 stated that as battery know-how matures, security dangers may additionally enhance, as producers attempt to maximize their efficiency. The report concluded, nonetheless, that the dangers of battery fires are doubtless similar to or barely fewer than in gas-powered vehicles……Most often, the problems are associated to high quality issues within the manufacturing course of or a failure to handle the battery’s warmth or electrical vitality correctly, Mr. Warner stated. “It could possibly be so simple as a zero as an alternative of a one in a line of software program,” he stated.

Observe: The article discusses a number of OEMs (GM, Ford, Hyundai, BMW…).

Observe: Final month I reported the CATL battery (particularly NMC 8:1:1) hearth issues within the Korea Herald article, which stated: EV fires with Chinese language batteries expose know-how hole…..The yield fee of CATL’s battery manufacturing unit is reported at 45-55 %, that means that just about half of CATL’s batteries are faulty,” an business supply stated. “There may have been a problem when CATL tried to extend the ratio of nickel.”

On October 21 Mining.com reported:

Over $1 trillion wanted for vitality transition metals. An funding of over $1 trillion might be wanted in key vitality transition metals – aluminium, cobalt, copper, nickel and lithium – over the subsequent 15 years simply to fulfill the rising calls for of decarbonisation. Wooden Mackenzie, in a brand new report, says the determine is double what was invested over the past 15 years.

On October 23 Reuters reported:

Biden marketing campaign tells miners it helps home manufacturing of EV metals. Joe Biden’s marketing campaign has privately instructed U.S. miners it will assist boosting home manufacturing of metals used to make electrical automobiles, photo voltaic panels and different merchandise essential to his local weather plan, in keeping with three sources accustomed to the matter, in a boon for the mining business.

Cobalt firm information

Glencore [HK:805] [LSE:GLEN] (OTCPK:GLCNF)

On October 16 S&P International reported:

Glencore ‘working down’ coal to put money into new era minerals: CEO. Miner and dealer Glencore’s CEO Ivan Glasenberg stated Oct. 16 stated the corporate is “working down its coal mines” to scale back Scope 3 carbon emissions and utilizing the funds freed as much as put money into minerals reminiscent of copper, cobalt and nickel wanted for vitality transition markets together with electrical automobiles…..Glencore presently produces 1.3 million mt/yr of copper, is a significant producer of nickel and is the world’s largest producer of cobalt, with manufacturing of 46,000 mt/yr in a market of round 145,000 mt/yr. Demand for these metals is rising quick. There have been projections that there can be 11 million electrical automobiles on the roads by 2025 which may require an extra 75,000 mt/yr of cobalt and one other 350,00 mt/yr of nickel by that date, stretching as much as an additional 500,000 mt/yr for the subsequent 10 years if electrical battery storage market had been added too, Glasenberg stated.

China Molybdenum [HKSE:3993] [SHE:603993] (OTC:CMCLF)

No information for the month.

Zheijiang Huayou Cobalt [SHA:603799]

On September 29, Zheijiang Huayou Cobalt announced:

The completion Ceremony Leyou New Vitality Supplies (Wuxi) Co., Ltd.was held. “From the second Huayou Cobalt cooperated with LG Chem, we had been satisfied that we might have as we speak’s harvest.” Chairman Chen Xuehua stated firmly in his speech that Leyou mission is a profitable transnational cooperation between Chinese language enterprises and Korean enterprises, and a powerful cooperation between cobalt business chief and battery big. Cooperation and win-win future are the loyal growth philosophy of Huayou. The completion of the mission marks the fruitful cooperation between Huayou Cobalt and LG Chem. On the identical time, the completion of the mission signifies that Leyou firm stands at a brand new place to begin and units foot on a brand new journey. Huayou Cobalt is prepared to cooperation with LG Chem in additional fields and wider house to comprehend widespread progress……

Jinchuan Group Worldwide Assets [HK:2362]

No information for the month.

Chemaf (subsidiary of Shalina Assets)

No information for the month.

GEM Co Ltd [SHE: 002340]

No information for the month.

Buyers can learn extra about GEM Co in my Pattern Investing article: “A Look At GEM Co Ltd – The World’s Largest Battery Recycling Company.

Eurasian Assets Group (“ERG”) – non-public

ERG personal the Metalkol facility within the DRC the place ERG processes cobalt and copper tailings with a capability of as much as 24,000 tonnes of cobalt pa.

On October 14, Eurasian Assets Group announced: “Eurasian Assets Group publishes sustainable growth report 2019.” Highlights embrace:

  • “Guaranteeing a accountable provide chain: Adoption of ERG’s Group Provider Code of Conduct; First unbiased, third-party assurance of ERG’s Clear Cobalt Framework at Metalkol RTR; Ongoing assist of the International Battery Alliance and serving to set up World Financial Discussion board’s Metals and Mining Blockchain Initiative.
  • Enhancing enterprise effectivity: Rollout of the ERG Manner Manufacturing System in Kazakhstan; US$68 million saved by means of operational effectivity programmes; Commissioning of furnace No. 64. as a part of the Workshop No. 6 main renovation mission on the Aksu Ferroalloys Plant in Kazakhstan; Establishing ERG Capital Tasks and ERG Recycling corporations…..
  • Turning into a member of the United Nations International Compact.
  • Advancing Metalkol RTR within the Democratic Republic of the Congo [DRC]: Manufacturing ramp-up and initiation of Section II of growth…..

Umicore SA [Brussels:UMI] (OTCPK:UMICY)

On September 30, Umicore SA announced:

Umicore streamlines its Cobalt & Specialty Supplies actions. As a part of the continuing reassessment of its world manufacturing footprint, Umicore plans to streamline its cobalt actions within the enterprise unit Cobalt & Specialty Supplies with the purpose of strengthening the enterprise unit’s aggressive place. Cobalt & Specialty Supplies is a frontrunner within the refining, manufacturing and distribution of cobalt and nickel specialty chemical substances for a wide-range of non-battery associated functions. Over the previous few years, the enterprise unit has been dealing with growing competitors in a number of of its finish markets and extra not too long ago in its cobalt refining actions as a result of emergence of large-scale cobalt refineries. In opposition to this backdrop, Umicore plans to consolidate a part of the enterprise unit’s core actions in Kokkola, Finland and Nashville, US with the intention to obtain synergies and strengthen the unit’s aggressive place.

Sumitomo Metallic Mining Co. (TYO:5713) (OTCPK:SMMYY)

No cobalt associated information for the month.

MMC Norilsk Nickel [LSX:MNOD] [GR:NNIC] (OTCPK:NILSY)

On October 19, MMC Norilsk Nickel announced: “Nornickel declares consolidated manufacturing outcomes for 9 months of 2020.” Cobalt numbers weren’t included.

OZ Minerals [ASX:OZL] (OTCPK:OZMLF)

On October 5, OZ Minerals announced:

Completion of Cassini acquisition…..OZ Minerals Chief Government Andrew Cole stated the corporate is happy to now have 100% possession of the West Musgrave Challenge.

On October 22, OZ Minerals announced: “OZ Minerals September 2020 quarterly report.”

Sherritt Worldwide [TSX:S] (OTCPK:SHERF)

On September 28, Sherritt Worldwide announced: “Sherritt publishes its 2019 sustainability report.”

Conic Metals Corp. [TSXV:NKL]

Conic Metals was fashioned from the Cobalt 27 spin-out. Conic Metals gives broad publicity to nickel and cobalt by means of a 8.56% JV curiosity in Ramu, 11 royalty investments.

No information for the month.

Buyers can view the corporate displays here.

Attainable mid-term producers (after 2022)

First Cobalt [TSXV:FCC] (OTCQB:FTSSF)

On September 24, First Cobalt announced: “First Cobalt declares 13% working price discount for Canadian cobalt refinery mission.” Highlights embrace:

  • “Working prices estimate diminished from $2.72/lb of cobalt produced to $2.36/lb of cobalt produced, leading to roughly $4 million of elevated annual pre-tax money flows in comparison with leads to the Could 4 engineering research.
  • Up to date capital estimate of $60 million in comparison with $56 million within the authentic engineering research.
  • $41 million in undiscounted pre-tax free cashflow to the Challenge forecasted in the course of the first full yr of manufacturing.
  • Glencore and First Cobalt have established a Joint Technical Committee that continues to work on additional technical and value enhancements to the refinery.
  • Closing allow amendments and closure plan on observe to be submitted earlier than the top of the yr.
  • Financing course of has moved to section 2 and the Firm is assessing a number of third-party financing proposals as discussions proceed to advance with the non-public sector and authorities companies.”

On October 19, First Cobalt announced: “First Cobalt begins Geophysics Program at Idaho Challenge.” Highlights embrace:

  • “Goal is to refine follow-up drill targets additional east alongside strike of the cobalt-rich zone intersected over a 300m vertical depth (incl. 0.20% Co over 12.0m true thickness) in addition to the western extension of the copper-rich zone (incl. 3.40% Cu and 0.10% Co over 2.6m true thickness).
  • Program will hint the Iron Creek cobalt and copper useful resource under cowl past the present 900-metre strike extent of the deposit……
  • Interpretation of geophysical outcomes is predicted later this yr and can assist deliberate useful resource drilling at Iron Creek in 2021 in addition to additional testing of close by cobalt-copper mineralized targets, together with the Ruby zone.”

Upcoming catalysts embrace:

  • 2022 – Attainable to have their North American cobalt refinery operational with ore feed from Glencore.

Buyers can view the corporate displays here.

Jervois Mining [ASX:JRV] [TSXV: JRV] (OTC: JRVMF) [FRA: IHS] (merged with eCobalt Options [TSX:ECS] (OTCQX:ECSIF))

On September 29 Jervois Mining announced: “Jervois releases BFS for Idaho Cobalt Operations.”

BFS for Idaho Cobalt Operations abstract

Source

On September 29 Jervois Mining reported:

Jervois Mining to amass the São Miguel Paulista nickel and cobalt refinery in Brazil….SMP Refinery has annual refined manufacturing capability of 25,000 metric tonnes of nickel and a couple of,000 metric tonnes of cobalt and is presently on care and upkeep…..Money buy value of R$125 million (US$22.5 million), payable in tranches, with a R$15 million (US$2.7 million) money deposit paid by finish December 2020…..Jervois to refine focus from its Idaho Cobalt Operations (“ICO”) and return cobalt steel to america. Extra provide contracts to be pursued.

On October 20 Jervois Mining reported:

Jervois efficiently closes A$45.0 million fairness elevate. Jervois will use proceeds from the Placement for Idaho Cobalt Operations (“ICO”) lengthy lead merchandise orders, detailed engineering and ongoing web site prices; and actions regarding the not too long ago introduced acquisition of the São Miguel Paulista (“SMP”) nickel-cobalt refinery in São Paulo, Brazil,together with the acquisition deposit, lease funds from March 2021 and restart feasibility research prices.

Upcoming catalysts embrace:

  • 2020 – Off-take agreements, mission funding.

Jervois Mining’s superior stage Idaho Cobalt Operations (‘ICO’) within the USA

Source: Firm web site

Fortune Minerals [TSX:FT] (OTCQB:FTMDF)

No information for the month.

Buyers can learn the newest firm presentation here.

Upcoming catalysts embrace:

  • 2020 – NICO exploration program outcomes, potential off-take or fairness companions, mission financing.

Clear TeQ [ASX:CLQ] [TSX:CLQ] (OTCQX:CTEQF)

Clear TeQ has 132kt contained cobalt at their Dawn mission.

On September 28, Clear TeQ announced: “Dawn Battery Supplies Challenge reaches key growth milestone. Research confirms one of many World’s lowest price sources of sustainable nickel and cobalt….. completion of the Dawn Challenge Execution Plan (‘PEP’).” Highlights embrace:

  • “The PEP outcomes have been finalised at a time of encouragingly sturdy market demand for EVs, significantly in Europe……
  • Benchmarked in opposition to different operations and course of flowsheets, Dawn is the template for sustainable, respected and auditable nickel and cobalt provide for the subsequent era of electrical automobiles.
  • The PEP modelled the primary 25 years of manufacturing, with adequate ore reserves to increase operations as much as roughly 50 years.
  • Lengthy-term nickel and cobalt sulphate value forecasts obtained from unbiased skilled Benchmark Mineral Intelligence. Weighted common forecast (steel equal) sulphate costs over the lifetime of mine are roughly: Nickel: US$24,200/t (together with sulphate premium). Cobalt: US$59,200/t.
  • The PEP scope of works included a spread of research which have optimised steel manufacturing charges whereas holding autoclave ore feed fixed on the permitted most 2.5 million tonnes every year. Common annual (steel equal) manufacturing charges are: 21,293 tonnes nickel and 4,366 tonnes cobalt (Yr 2 –11). 18,439 tonnes nickel and three,179 tonnes cobalt (Yr 2 –25).
  • The Challenge is forecast to ship over US$16 billion in income and common annual post-tax free cashflow of US$308 million over the primary 25 years of operations.
  • Sturdy money flows end in a post-tax web current worth [NPV] of US$1.21billion (A$1.72 billion) and post-tax Inside Charge of Return [IRR] of 15.44%.
  • Excessive cobalt credit end in very low common C1 working prices of unfavourable US$1.97/lb of nickel after by-product credit (US$4.31/lb nickel earlier than credit) in years 2-11.
  • Pre-production capital price estimate of US$1.658 billion (A$2.368 billion) (excluding US$168 million estimated contingency) displays a considerably de-risked capital price, with roughly 79% of complete tools and supplies prices lined by vendor quotations. Submissions had been additionally obtained from contractors to validate the labour prices included within the complete direct price.”

On October 14, Clear TeQ announced: “Quarterly actions report – September 2020…..”

Buyers may learn the newest firm presentation here.

Upcoming catalysts embrace:

2020 – Attainable additional off-take agreements and mission funding/partnering.

Australian Mines [ASX:AUZ] (OTCQB:AMSLF)

On October 6, Australian Mines announced:

Optimistic outcomes assist extra drilling at Damaged Hill Challenge, New South Wales. Australian Mines Restricted is happy to announce constructive outcomes from the Firm’s maiden drilling program at its 100% owned Thackaringa asset (“Thackaringa”) within the Damaged Hill area in New South Wales, Australia……Australian Mines Managing Director, Benjamin Bell, commented, “We’re happy with the outcomes from the take a look at drilling program at, what’s now, our Damaged Hill Challenge. They point out the geology on the mission is according to Damaged Hill-style sulphide mineralisation and ensure the presence of anomalous lead, zinc, silver and copper.”…..

On October 20, Australian Mines announced:

Quarterly actions report for the interval ended 30 September 2020. Through the quarter, Australian Mines maintained its deal with the event of its 100%-owned Sconi Cobalt-Nickel-Scandium Challenge (“Sconi”) in North Queensland. The Firm’s precedence stays advancing discussions with potential offtake companions for Sconi, which, when totally operational, will place Australian Mines on the forefront of the battery supplies business…..

Buyers can learn my replace article here, my CEO interview here, or view the newest firm presentation here.

Upcoming catalysts embrace:

  • 2020 – Thackaringa drill outcomes. Attainable Sconi off-take companions or financing.

Ardea Assets [ASX:ARL] (OTC:ARRRF)

In complete, Ardea has 405kt of contained cobalt and 5.46mt of contained nickel at their KNP Challenge close to Kalgoorlie in Western Australia. Ardea can be exploring for gold and nickel sulphide on their >5,100 km2 of 100% managed tenements within the Japanese Goldfields area of Western Australia.

No cobalt information for the month.

Buyers can learn my current Pattern Investing CEO interview discussing Ardea’s gold and nickel sulphide prospects here. Buyers can view their newest firm presentation here.

Upcoming catalysts embrace:

  • 2020 – Useful resource replace on the GNCP Challenge to incorporate a scandium and REE part. Attainable off-take associate and funding for the GNCP Challenge. Gold and nickel sulphide exploration outcomes.

Cobalt Blue Holdings [ASX:COB] (OTCPK:CBBHF)

In complete Cobalt Blue presently has 79.5kt of contained cobalt at their 100% owned Damaged Hill Cobalt Challenge [BHCP] (previously Thackaringa Cobalt Challenge) in NSW, Australia. LG Worldwide is an fairness strategic associate.

On October 21, Cobalt Blue Holdings announced:

Cobalt Blue September quarterly report….Through the quarter COB launched a significant mission replace of the Damaged Hill Cobalt Challenge. The mission replace highlights had been: Ore Reserve (Possible) elevated 55% from 46.4 Mt (at 819 ppm cobalt) to 71.8 Mt1 (at 710 ppm cobalt). Ore Reserve contained cobalt elevated 34% from 38,000 tonnes to 51,000 tonnes…….Pre-Manufacturing capital expenditure lowered by ~$70m, inclusive of a 20% enhance in front-end mining and focus throughput capability from 5.2 Mtpa to six.3 Mtpa ……Future useful resource estimation will embrace minor metals reminiscent of nickel, copper, zinc and manganese….. COB introduced on 28 April 2020 that it had produced a combined cobalt-nickel hydroxide……The Pilot Plant might be modular and is deliberate to be sized upwards to a Demonstration Plant (1:1000 to full business dimension) by Q3 2021……COB appointed Newland International Group [NGG], a number one company advisory agency specialising in creating cross border business relationships between Australia and India to help the Firm appeal to funding from Indian teams……

Upcoming catalysts embrace:

  • 2020 – Pilot plant commissioning.
  • Q3 2021 – Demonstration plant.
  • 2022 – Feasibility Research & mission approvals. Closing Funding choice.

Havilah Assets [ASX:HAV] [GR:FWL]

Havilah 100% personal the Mutooroo copper-cobalt mission about 60km west of Damaged Hill in South Australia. Additionally they have the close by Kalkaroo copper-cobalt mission, in addition to a probably massive iron ore mission at Grants. Havilah’s 100% owned Kalkaroo copper-gold-cobalt deposit incorporates JORC Mineral Assets of 1.1 million tonnes of copper, 3.1 million ounces of gold and 23,200 tonnes of cobalt.

On October 14, Havilah Assets announced:

The Kalkaroo fault intersection zone is confirmed as a excessive precedence exploration goal for added copper-gold sources primarily based on additional copper and gold mineralisation intersections in two current reverse circulation drillholes, together with 10 metres of 1.52 g/t gold. Analysis of the feasibility of the West Kalkaroo gold-only starter open pit continues……Kalkaroo has an open pit JORC Ore Reserve of 100.1 million tonnes (90% Proved) at a CuEq grade of 0.89% primarily based on close to present spot copper and gold costs, making it one of many largest undeveloped open pit copper-gold deposits in Australia……

Observe: Buyers can study extra by studying my article “Havilah Resources Has Huge Potential and/or my update article. You can even view my CEO interview here, and the corporate presentation here.

Upcoming catalysts embrace:

  • 2020 – Kalkaroo – Up to date PFS due.

Aeon Metals [ASX:AML](OTC:AEOMF)

Aeon Metals 100% personal their Walford Creek copper-cobalt mission in Queensland Australia.

On September 25, Aeon Metals announced: “Challenge and company replace.” Highlights embrace:

  • “Revised Walford Creek testwork program to contemplate advanced back-end cobalt flowsheet routes. PFS replace to be offered in 4Q 2020 and completion now scheduled for 1Q 2021.
  • New high-potential regional drilling program set to start; half funded by not too long ago introduced CEI grant.
  • OCP Asia mortgage facility restrict elevated by A$3M to fund revised PFS course of and regional drilling actions.”

On October 20, Aeon Metals announced: “Beauchamp drilling commenced.” Highlights embrace:

  • “Drilling of large-scale Beauchamp IOCG goal underway.
  • Scout gap deliberate to be approx. 800m in size and take round two weeks to finish.”

For extra info you may learn my article: “Aeon Metals May Have A World Class Copper And Cobalt Sulphide Resource In Northern Australia.” Buyers can view the newest firm presentation here.

Upcoming catalysts embrace:

GME Assets [ASX:GME][GR:GM9] (OTC:GMRSF)

GME Assets personal the NiWest Nickel-Cobalt Challenge positioned adjoining to Glencore’s Murrin Murrin Nickel operations within the North Japanese Goldfields of Western Australia. The NiWest Challenge which has an estimated 830,000 tonnes of nickel steel and 52,000 tonnes of cobalt.

No important information for the month.

Buyers can learn an organization investor presentation here.

Castillo Copper [ASX:CCZ]

On September 30, Castillo Copper announced:

CCZ acquires commanding floor place at Damaged Hill, potential for IOCG and BHT. In a transformational transfer, which delivers a big footprint proximal to Damaged Hill’s world-class silver-zinc-lead deposit, CCZ has agreed phrases to amass Wyloo Metals tenements. The acquisition delivers CCZ a commanding floor place in Damaged Hill, whereas important technological advances now infer it’s footprint is potential for Damaged Hill Sort zinc-silver-lead (BHT) and Iron-Oxide-Copper-Gold (IOCG) mineralisation.

On October 9, Castillo Copper announced: “Drilling logistics largely finalised forward of marketing campaign commencing on the Mt Oxide Challenge.”

Buyers can view my CEO interview here, and an investor presentation here.

Barra Assets Ltd. (OTC:BRCSF) [ASX:BAR] / Conico Ltd [ASX:CNJ]

Barra is creating the Mt Thirsty mission, which is a 50/50 three way partnership with Conico, to supply cobalt appropriate for the steel, chemical and battery markets. Barra is has two promising gold tasks in Western Australia.

No important information for the month.

Buyers can view the corporate displays here.

International Vitality Metals [TSXV:GEMC][GR:5GE1] (OTC:GBLEF)

On October 5, International Vitality Metals announced:

International Vitality Metals types U.S. Subsidiary amid rising demand for Regionalized Battery Mineral Provide Chain Publicity. International Vitality Metals Company is happy to announce that in looking for to capitalize on rising curiosity within the battery minerals sector as world adoption of electrical automobiles considerably will increase that the Firm has fashioned a brand new, wholly-owned U.S subsidiary – U.S. Battery Metals Company.

On October 7, International Vitality Metals announced:

International Vitality Metals declares fee to amass 85 % curiosity in extremely potential Nevada-based battery mineral tasks. Mitchell Smith, President & CEO, Director feedback: “…..The addition of Lovelock and Treasure Field, two Nevada-based extremely potential cobalt-nickel and cobalt-copper tasks, strengthens our present jurisdictionally protected asset portfolio and solidifies our positioning inside the battery provide chain as we proceed to construct an funding automobile for shareholders to achieve priceless publicity to the ever growing demand for battery minerals linked to the electro-mobility funding mega-trend.”

On October 13, International Vitality Metals announced:

International Vitality Metals engages SJ Geophysics for mission information compilation and interpretation at Nevada-based cobalt-nickel-copper tasks.

Different juniors and miners with cobalt

I’m glad to listen to any information updates from commentators. Tickers of cobalt juniors I might be following embrace:

twenty first Century Metals (CSE: BULL) (OTCQB: DCNNF), African Battery Metals [AIM:ABM], Alloy Assets [ASX:AYR], Artemis Assets Ltd [ASX:ARV] (OTCPK:ARTTF), Auroch [ASX:AOU] [GR:T59], Azure Minerals [ASX:AZS] (OTC:AZRMF), Bankers Cobalt [TSXV:BANC] [GR:BC2] (NDENF), Blackstone Minerals [ASX:BSX], BHP (NYSE:BHP), Brixton Metals Company [TSXV:BBB](OTC:BXTMD), Canada Nickel [TSXV:CNC], Canada Silver Cobalt Works Inc [TSXV:CCW] (OTCQB:CCWOF), Canadian Worldwide Minerals [TSXV:CIN], Carnaby Assets [ASX:CNB], Celsius Assets [ASX:CLA] [GR:FX8], Centaurus Metals [ASX:CTM], CBLT Inc. [TSXV:KBLT] (OTCPK:CBBLF), Cobalt Energy Group [TSX:CPO], Cohiba Minerals [ASX:CHK], Corazon Mining Ltd [ASX:CZN], Cruz Cobalt [CSE:CRUZ](OTCPK:BKTPF), Cudeco Ltd [ASX:CDU] [GR:AMR], Dragon Vitality [ASX:DLE], European Cobalt Ltd. [ASX:EUC], First Quantum Minerals (OTCPK:FQVLF), Fuse Cobalt Inc [CVE:FUSE] (WCTXF), Galileo [ASX:GAL], GME Assets [ASX:GME] (OTC:GMRSF), Hinterland Metals Inc. (OTC:HNLMF), Hylea Metals [ASX:HCO], Independence Group [ASX:IGO] (OTC:IIDDY), King’s Bay Res (OTC:KBGCF) [TSXV:KBG], Latin American Assets, M2 Cobalt Corp. (TSXV: MC) (OTCQB: MCCBF), MetalsTech [ASE:MTC], Metals X (ASX:MLX) (OTCPK:MLXEF), Meteoric Assets [ASX:MEI], Mincor Assets (OTCPK:MCRZF) [ASX:MCR], Namibia Vital Metals [TSXV:NMI] (OTCPK:NMREF), Pacific Rim Cobalt [BOLT:CSE], PolyMet Mining [TSXV:POM] (NYSEMKT:PLM), OreCorp [ASX:ORR], Energy Americas Minerals [TSXV:PAM], Panoramic Assets (OTCPK:PANRF) [ASX:PAN], Pioneer Assets Restricted [ASX:PIO], Platina Assets (OTCPK:PTNUF) [ASX:PGM], Quantum Cobalt Corp [CSE:QBOT] GR:23BA] (OTCPK:BRVVF), Regal Assets (OTC:RGARF), Decision Minerals Ltd [ASX:RML], Sienna Assets [TSXV:SIE], (OTCPK:SNNAF), and Victory Mines [ASX:VIC].

Conclusion

October noticed cobalt costs down and LME stock unchanged.

Highlights for the month had been:

As common all feedback are welcome.

Pattern Investing

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Disclosure: I’m/we’re lengthy Glencore (LSX:GLEN), NORSILK NICKEL (LME:MNOD), AUSTRALIA MINES [ASX:AUZ], FORTUNE MINERALS [TSX:FT], ARDEA RESOURCES [ASX:ARL], COBALT BLUE [ASX:COB], AEON METALS [ASX:AML], HAVILLAH RESOURCES [ASX:HAV], Jervois Mining [TSXV:JRV], First Cobalt [TSXV:FCC], International Vitality Metals Corp. [TSXV:GEMC]. I wrote this text myself, and it expresses my very own opinions. I’m not receiving compensation for it (apart from from In search of Alpha). I’ve no enterprise relationship with any firm whose inventory is talked about on this article.

Extra disclosure: The knowledge on this article is common in nature and shouldn’t be relied upon as private monetary recommendation.

Editor’s Observe: This text covers a number of microcap shares. Please concentrate on the dangers related to these shares.