Conclusion

The Mt Thirsty Cobalt Project presents a unique opportunity to invest in an undeveloped but highly prospective stand-alone cobalt project. Global demand by end users of cobalt has strong growth potential.

The deposit is geologically well understood.

Under a variety of scenarios and flowsheets, mine life estimates are from 10 to 20 years, giving a high degree of tolerance for principal capital investments to be recouped.
With the deposit located near to surface and completely oxidised, this allows for simple low cost mining techniques.

Equally as fortuitous, the location of the majority of the necessary infrastructure support is within 4km of the deposit, allowing for a low predevelopment infrastructure budget.

The State of Western Australia is well known on the global stage and offers a strong legal and commercial backdrop to the projects development.