Blackstone Minerals (ASX:BSX)
The need for greater cobalt supplies becomes clearer every day, as it used more and more as a vital ingredient in the manufacture of rechargeable lithium-ion batteries.
This company is looking to capitalise on the growing demand, particularly as electric vehicle demand also increases.
The company has been exploring for gold and nickel in the prospective lands of WA, but has now broadened its focus, venturing into the cobalt-rich land of British Columbia (BC), Canada.
Its Little Gem cobalt-gold project covers 195 square kilometres and lies in a resource-rich and high-grade gold mining district.
What really stands out for this company is its projects analogy to the world class Bou-Azzer primary cobalt district in Morocco.
Bou-Azzer is an incredibly resource-rich district that contains over 50 deposits, has been variously mined for over 75 years, and has produced over 100,000t of cobalt… plus 1000s of tons of silver and tens of tons of gold.
This company has a long way to go, but is confident its new project stands up to the best in the world.
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This $35.6 million capped company is cashed up, having recently raised $5 million to drill out its Little Gem target.
Now the company is ramping up its exploration with a six hole drilling programme that is expected to produce plenty of news in the coming weeks.
ASX Junior Enters Cobalt Arena with High-Grade Canadian Project
Mar 26, 2018
Cobalt is one of the most sought-after new energy metals and there is no shortage of investor interest to motivate junior explorers to seek some cobalt-blue sky.