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 www.sedar.com on October 13, 2011.).
|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 FCO to get their latest news instantly.|