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  • Project review identifies substantial cobalt mineralisation in drilling including:
    • 11 metres at 0.15% Cobalt from 25 metres depth
    • 8 metres at 0.16% Cobalt from 33 metres depth
    • 6 metres at 0.21% Cobalt from 14 metres depth
    • 4 metres at 0.27% Cobalt from 27 metres depth
  • Prospective ultramafic sequence extends 12 kilometres as yet untested by drilling
  • Further project reviews underway

source url White Cliff Minerals Limited (“ la migliore banca per aprire un conto trading White Cliff” or the “ dating ad captions Company”) is pleased to report that significant cobalt mineralisation has been identified at the Ghan Well project near Laverton in Western Australia.

go site The Company recently reviewed the existing geochemical and drilling database at Ghan Well and has identified multiple cobalt intersections associated with nickel mineralisation within extensive ultramafic rock sequences.

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see url The cobalt mineralisation occurs as a shallow layer of cobalt enriched manganiferous oxides that form between the smectite clays and the overlying ferruginous clays. High grade cobalt mineralisation typically occurs between 10-30 metres depth and is associated with nickel mineralisation. Results include:

  • 11 metres at 0.15% Cobalt from 25 metres depth
  • 8 metres at 0.16% Cobalt from 33 metres depth
  • 6 metres at 0.21% Cobalt from 14 metres depth
  • 4 metres at 0.27% Cobalt from 27 metres depth

conta demo de opções binarias In addition, extensive soil geochemical sampling has highlighted multiple cobalt anomalies along the ultramafic sequences which extend for 12 kilometres within the White Cliff tenement. Only a fraction of the ultramafic sequences have been drill tested.

The Company considers that the Ghan Well cobalt project has the potential to substantially increase shareholder value via exposure to the rapidly increasing price of cobalt which is a vital component of Lithium Ion batteries. The current cobalt price is USD $54,500 per tonne (London Metals Exchange Quote, 19 May 2017).

The Company believes that the recent growing trend towards electric vehicles will accelerate over the next ten years and that there will be strong demand for the metals associated with vehicle and technology batteries.

The Company is currently reviewing the entire West Australian tenement portfolio to assess their potential to host lithium ion and electric vehicle battery related energy metals including lithium, cobalt, nickel and vanadium.

Further updates will be provided as this process continues.

For further information, please see the link below to today’s ASX announcement.

ASX Announcement