Fission Energy (ASX:FIS) announced an update to company activities as of December 31, 2011.

As quoted in the press release:

The Mt Thirsty deposit has the potential to emerge as a significant world cobalt supplier. Metallurgical testwork indicates that high recoveries of cobalt, nickel and manganese can be achieved through low temperature atmospheric leaching.

Click here for the Fission Energy (ASX:FIS) press release.