- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Axiom Mining: Cobalt and Scandium further enhance San Jorge potential
Highlights: Cobalt (Co) and scandium (Sc) enrichment in limonite is widespread across Axiom’s initial exploration area with 82% (127 of 154) drill holes intersecting enriched mineralisation Co grades are much higher than expected and previously recorded by historical explorers This is the first discovery of scandium at the San Jorge deposit Scandium grades at San …
Highlights:
- Cobalt (Co) and scandium (Sc) enrichment in limonite is widespread across Axiom’s initial exploration area with 82% (127 of 154) drill holes intersecting enriched mineralisation
- Co grades are much higher than expected and previously recorded by historical explorers
- This is the first discovery of scandium at the San Jorge deposit
- Scandium grades at San Jorge are significant for wet tropical laterite deposits
- Up to 0.39% Co and 120 ppm Sc from individual 1 m samples
Axiom CEO Ryan Mount was quoted as saying:
“The presence of cobalt and scandium adds tremendous value to the deposit. It adds a further edge to our negotiations with customers around the world. We are a nickel miner but there are potential buyers of our ore who would very much be interested in the cobalt and scandium they could extract from the deposit. The market value for scandium in particular is very high,” he said, “with prices generally trading at around 4000 US$ per kg for scandia (scandium oxide) and about 6000 US$ per kg for contained scandium metal.”
“This is another affirmation of our belief in the Isabel Nickel Project and together with our Landowner partners we look forward to our continuing negotiations with the Solomon Islands Government to bring this project to life.”
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.