A leading cobalt developer, with a key focus on Indonesian projects, has received an environmental permit for its flagship project.
Pacific Rim Cobalt has announced that its TNM Project has received the all important environmental approval, as it continues its advanced 2018 workplan.
The company is currently developing its TNM project, which has been described as potentially the largest source of cobalt outside of Africa.
The news comes after the company revealed its 2018 work program, which confirmed that work on site has begun at the project.
The company will now progress with extensive drilling, drone operated topographic and photographic surveys as an initial step.
This will provide control for exploration planned activities, including geological mapping, sampling, test pitting and diamond drilling, to confirm historically reported cobalt-nickel-bearing laterite zones
Pacific Rim’s TNM cobalt project is strategically located on the northern coast of Papua Province, Indonesia which provides direct shipping access to China, the world’s largest consumer of cobalt.
Mr. Ranjeet Sundher, Pacific Rim Cobalt’s President and CEO, states, “We are in the enviable position of controlling a highly prospective project in close proximity to China, which has a voracious appetite for battery metals. We will aggressively advance exploration and development activities in pursuit of readying the TNM cobalt project for a future successful cobalt operation. We have assembled a top-notch team to manage development of our world class asset, have fully funded the 2018 work program, and are committed to adding shareholder value on an ongoing basis.”