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Global Energy lays down plans to take key Millennium cobalt project forward (GEMC)

Wednesday saw Global Energy Metals (TSXV:GEMC) reveal plans to investigate the cobalt, copper, and gold recovery potential of its Millennium project in Queensland, Australia. The Canadian cobalt business, which announced plans to co-list in London earlier this year, has entered into a memorandum of understanding (MoU) with its Australian peer Cobalt Blue Holdings.

Cobalt Blue has been developing minerals processing technology for the extraction and recovery of cobalt and elemental sulphur from cobalt-pyrite feedstocks. The process avoids explicitly the simultaneous production of sulphuric acid, which usually occurs when roasting pyrite, or leaching pyrite through pressure oxidation. Its technology was successfully shown to be technically and economically viable last year following the completion of a pre-feasibility study for the Thackaringa deposits near Broken Hill. Together, Cobalt Blue and Global Energy plan to prepare new cobalt-pyrite samples from Millenium and test the applicability of the former’s process to the concentrates.

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