• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    nickel investing

    Cobalt 27 Acquires Royalty on Flemington Nickel Cobalt Project in Australia

    Scott Tibballs
    May. 07, 2018 04:29PM PST
    Base Metals Investing

    Cobalt 27 Capital Corp has announced that it has agreed to acquire a 1.5 percent gross revenue royalty on the Flemington cobalt-scandium-nickel project located 370 km west of Sydney, Australia held under option by Australian Mines.

    Cobalt 27 Capital Corp (TSXV:KBLT) has announced that it has agreed to acquire a 1.5 percent gross revenue royalty on the Flemington cobalt-scandium-nickel project located 370 km west of Sydney, Australia held under option by Australian Mines (ASX:AUZ).

    As quoted in the press release, chief executive officer and chairman of Cobalt 27 Anthony Milewski said:

    “Large-scale nickel cobalt deposits such as the Flemington project represent important, undeveloped sources of cobalt and nickel.  With ongoing geopolitical uncertainty in the DRC, which accounts for approximately 65 percent of current global mined cobalt output, this Australian project provides development targets in a politically stable, mining-friendly jurisdiction.”

    As highlighted in the press release:

    • Maiden cobalt mineral resource of 2.7 million tonnes at 0.101 percent of (1.010 ppm) cobalt with only 1 percent of the Flemington project area tested to date October 2017.

    • SRK Consultants concluded in the October 2017 maiden mineral resource estimate, that mineralization underlying the Flemington cobalt-scandium-nickel project is the direct continuation of Clean TeQ Holdings’ Sunrise project, separated only by a tenement boundary. Clean TeQ’s Sunrise project hosts one of the highest grade and largest nickel and cobalt deposits outside of Africa.

    • Australian Mines is fast-tracking development of the Flemington cobalt-scandium-nickel project with an updated mineral resource in 2019 and pre-feasibility study scheduled to commence thereafter; preliminary environmental impact study has been completed with final environmental impact study and mining lease application underway; water allocation has also been secured for future mining operations.

    Click here to view the full Cobalt 27 Capital Corp (TSXV:KBLT) press release.

    mineral resource estimateaustraliacobalt depositsnickel investingpre feasibility study
    The Conversation (0)

    Go Deeper

    AI Powered
    The cobalt periodic symbol with a rainbow in the background.

    Top 5 Canadian Cobalt Stocks of 2025

    A lithium-ion battery in the foreground with a line of batteries in the background, all surrounded by blue swirls.

    ASX Cobalt Stocks: 4 Biggest Companies of 2025

    Latest News

    Olympic Domain Project Update with BHP

    BSX Secures JV Partner & Funding for Ta Khoa Nickel Project

    Exploration Update - Heritage Survey Underway

    Silver47 Announces Upsize of Brokered LIFE Financing to $20 Million

    South Oko Geochemistry Confirms Oko West Look-Alike Target

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    FPX Nickel

    FPX:CA

    Ni-Co Energy

    Noble Mineral

    NOB:CA

    Magna Mining

    NICU:CA

    Power Nickel

    PNPN:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×