Wednesday, January 28, 2009

Mt Thirsty Could Be Among Top Five Cobalt Producers

Australian miner Barra Resources has announced new study findings for the Mt Thirsty cobalt-nickel project in West Australia, in which it has a 50 percent stake. As a result of the findings the company suggests that Mt Thirsty now has the potential to rank among the top five global cobalt producers.

During the first three years of production Mt Thirsty is expected to deliver 3,700 tonnes of cobalt, 10,300 tonnes of nickel and 27,000 tonnes of manganese per annum.

Atmospheric leach extractions of 99% cobalt, 78% nickel and 98% manganese were achieved during recent metallurgical test-work.

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