African Metals to Begin Processing at Cobalt-Containing Stockpile

African Metals Corp. (TSXV:AFR) announced that it is now able to start processing material from its Luisa South stockpile.

As quoted in the press release:

[The stockpile] contains an inferred resource of 370,000 tonnes at 1.0% copper for 3,800 tonnes of contained copper metal and 0.5% cobalt for 1,700 tonnes of cobalt metal (using a 0.25% Cu cut-off – see the technical report of Geosure Exploration & Mining Solutions Pty Ltd., an independent firm contracted by AFR to prepare the technical report, filed on on October 13, 2011.).

Click here to read the full African Metals Corp. (TSXV:AFR) press release.

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Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with Formation Metals to get their latest news instantly.

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