Bolt from the blue: junior chases cobalt near Broken Hill

摘要

BPL HAS two mining leases in the Thackaringa region, with an inferred resource of 15mt of cobalt at 2.2 pounds per tonne. The AJM understands it is one of the few cobalt-only deposits in the world and unprecedented in Australia. Cobalt is a small but rapidly expanding market. Currently, 25% of cobalt produced is used in battery production, but that figure is expected to rise to 45% by 2018. Computers, mobile phones and a host of other electronic devices benefit from batteries including cobalt. Electric only and hybrid powered cars are the fastest growing areas of battery appli?cation.