Mt Thirsty has now assumed the mantle of Australia’s most advanced genuine cobalt project with a completed pre-feasibility study (PFS).
The joint venture between Barra Resources and Conico is showing a cobalt-nickel value split of 71%-29%.
Barra’s Managing Director & CEO and MTJV PFS Manager Sean Gregory commented: “This study is the culmination of 18 months’ work by the MTJV. I am confident that the PFS has been completed to a very high standard by global engineering houses that will stand up to the most detailed scrutiny from potential project partners.
“We are now looking forward to engaging with these large global firms who are eager to secure a guaranteed sustainable source of cobalt for electric vehicle batteries.”