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I have now had time to have a quick look at he document I posted the link to earlier today and think that it is worth a read and I feel sheds lights on why CCZ management took a turn in the road earlier. NSW IS ESTABLISHING AUSTRALIA'S FIRST CRITICAL MINERALS HUB IN THE CENTRAL WEST. There is a detailed map in the doc showing existing known critical mineral locations and Broken Hill is considered highly prospective fo Cobalt, Lithium, Rare earth elements and Platinum group elements from existing records (see map). The government have released a significant amount of historic exploration data from November 2021 which further supports explorers in targeting their exploration activities. This would explain the new found data that has landed on managements laps that we can't believe that they did not already know. As well the Government is enabling more effective access to NSW geological samples in the Londonderry Core Library, to capitalise on technological advancements to enable re-evaluation of known mineral concentrations.
Coupled with this the Government also say that 80% of the land available has not been explored in that historically drill depths have only explored down to 150m and so are contributing $16 million to the development of future deep exploration technologies. Basically NSW wants to be the centre of all future battery and green technologies and is doing everything to establish technologies and supply chain and investment channels and CCZ are right in there.
I hope this gives some hope and clarity while we all reset out investment SAT NAVS regards CCZ BUT THINGS COULD BE WORSE! READ THE REPORT AS I FOUND IT USEFUL!
DYOR and GLA Swissy
https://www.nsw.gov.au/sites/default/files/2021-11/NSW%20Critical%20Minerals%20and%20High%20Tech%20Metals%20Strategy.pdf
Thanks Swissy I concur with your assessment after re-reading the RNS 3 things leap out at me that IMHO help explain the u-turn
(1) China's use of minerals and processing facilities to punish Australia in recent months so explaining Aussie push to become self-sufficient in battery metals and REEs
(2) their are very few sources of Cobalt outside DRC which is notorious for poor working conditions and conflict
(3) China has a 90%+ strangle-hold on processing of REEs which is apparently both difficult to do and polluting
I'm getting the strong feeling that this policy change in NSW and the 100% ownership BH tenement linked with the release of historic records and drill core samples may just allow CCZ to accelerate production of a JORC resource at modest cost.
AIMHO APR
@aprogerson
Good summary and joining of the dots - seems like the various moving parts are coming together and giving CCZ options that are potentially better for LTH's.
ATB Shorn
@aprogerson I totally agree that a JORC resource could be established quickly and at low cost as the statement from the NSW Gov states that it will streamlining and modernising title assessments and administration to support faster decision making. it also wants to incentivise green field exploration through dedicated funding support for early stage explorers in critical minerals. They note that there are two projects currently being developed in NSW containing cobalt intended for the battery precursor supply chain and also note that The Broken Hill regions are also highly prospective for cobalt. They will also be looking into the reprocessing of historic mine tailings such is the demand. They suggest that cobalt demand has grown 5 per cent 2017-2020 and is expected to grow by 11 per cent 2020-2025 due to use in lithium batteries.
It really does seem that we may own the resource that is in demand and that we should find ready assistance (OR LITTLE RESISTANCE) on an administration basis towards getting it out. Looking good to me but DYOR AND GLA. Swissy
Can't see such a small miner being profitable with many PGMs. Better just mining one metal, with the cost and process
No matter now we are in the ****, just keeping the board civil, no news is good news with this Company. No money in cobalt, just making most out of nothing I suppose , probably if anything major, Bhp be in there years ago.
Current trend is to eliminate Cobalt form EV battery packs. There is no or little future in this metal.
I sold out for beer money profit. I will be back thou as soon as they start drilling NWQ looking for Copper.
Https://www.cnbc.com/video/2021/11/17/how-cobalt-free-batteries-will-bring-down-the-cost-of-evs.html can't see Lithium there that's why they walked away , like chucking a pound to save a penny junk status up to now