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Tag: Global Energy Metals

Explorer looks to ‘next-step’ options for cobalt projects

Global Energy Metals says it is weighing up 'next-step options', including new strategic partnerships, to advance its portfolio of copper-cobalt-gold projects in North-West Queensland.

It comes as it continues to work towards a royalty sale to Electric Royalties after receiving Australian Financial Investment Review Board approval.

Global Energy Metals has established tenement holdings totalling 2560ha across the Mount Isa and Cloncurry district through subsidiary Element Minerals Australia, including properties with significant cobalt exploration potential.

Key assets include the Millennium, Mount Dorothy and Cobalt Ridge projects.

In a project update, the company said exploration to date had. . .

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Millennium cobalt project scores high recovery rates

Exceptional cobalt, copper and gold recovery results have emerged for the Millennium project in North-West Queensland.

Project owner Global Energy Metals reported the results after testwork completed by Cobalt Blue Holdings using its processing technology.

The work showed that high-grade copper and cobalt concentrates could be readily floated from samples from the  Millennium deposit.

It achieved float recoveries of 93 per cent cobalt, 93 per cent copper, and 80 per cent gold into concentrates.

Cobalt Blue Process successfully treated the cobalt concentrate for extraction of 90 per cent cobalt, 95 per cent copper, with 90 per cent. . .

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Deal targets cobalt project processing potential

Millennium project owner Global Energy Metals has entered into a Memorandum of Understanding with Australian cobalt processing technology developer Cobalt Blue.

The agreement involves investigating the cobalt-copper-gold recovery potential for the Millennium project, north-west of Cloncurry.

Cobalt Blue has also been involved in evaluating the cobalt extraction potential of tailings from CuDeco’s neighbouring Rocklands project.

Global Energy Metals recently announced the outright acquisition of the Millennium. . .

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