Resource Summary
Global Cobalt is pleased to announce that it has surpassed historic tonnage numbers with consistent grades for the initial National Instrument 43-101 technical report (the "Report") for the Karakul Cobalt Project ("Karakul" and/or the "Project"), located in the Altai Republic, Russia. The independent NI 43-101 technical report was prepared by Wardell Armstrong International Limited ("WAI").
Highlights for the Karakul Cobalt Deposit NI 43-101 Report include:
- Resource demonstrates larger than expected tonnages in indicated and inferred categories
- Western Zone Indicated Sulphide Resources totaled 17,156.33kt at 0.318% CoEq and Indicated Oxide Resources totaled 981.1kt at 0.257% CoEq for a Total Indicated Oxide + Sulphide Resource totaling 18,137.34kt at 0.314% CoEq at a 0.05% Cobalt equivalent cut-off.
- Western Zone Inferred Resources totaled 2,915.63kt at 0.326% CoEq and Inferred Oxide Resources totaled 17.82kt at 0.069% CoEq for a Total Inferred 2,933.45kt at 0.325% CoEq at a 0.05% Cobalt equivalent cut-off.
- Eastern Zone Inferred Sulphide Resources totaled 5,971.10kt at 0.237% CoEq and Inferred Oxide Resources totaled 147.26kt at 0.261% CoEq for a Total Inferred 6,118.36kt at 0.238% CoEq, both at a 0.05% Cobalt equivalent cut-off.
- Indicated Mineral Resources have been assigned to the majority of the Western Zone mineralization and all Mineral Resources in the Eastern Zone here have been classified as Inferred Resources.
- Both mineralised zones remain open at depth.
- WAI recommends that a comprehensive metallurgical test work programme be implemented in order to improve the support for the CoEq calculation. With more advanced technical work Global Cobalt will move forwards to a Preliminary Economic Assessment (PEA).
To read the full report please visit the Company's public filings on SEDAR.