Cobalt continues to tantalise Metals X

DIVERSIFIED miner Metals X is awaiting metallurgical results on the production of cobalt and nickel sulphates after infill drilling at the undeveloped Wingellina project in the Northern Territory recorded a handful of “outstanding” results.

Cobalt continues to tantalise Metals X Cobalt continues to tantalise Metals X Cobalt continues to tantalise Metals X Cobalt continues to tantalise Metals X Cobalt continues to tantalise Metals X

The hits included 24m grading 0.28% cobalt and 1.52% nickel from surface and 38m at 0.31% cobalt and 1.32% nickel from surface.

Metals X drilled six of 15 potential pits over a 10km extent at Wingellina.

The metallurgical results are “pending”.

The work comes as Metals X looks at smaller options for developing the project, dubbed one of the largest undeveloped nickel-cobalt deposits on the planet.

The rise and rise of the cobalt price and the potential for strong demand for both it and higher value nickel sulphate – from the burgeoning battery sector – has potentially opened the door on lower cost development opportunities at Wingellina than the originally conceived large...