Todays tip is CLA
CLA is a copper/cobalt explorer currently drilling out their madien JORC resource, when it comes to cobalt deposits there are a few choices on the asx, but I think few understand that with cobalt deposits we have two ore types
Nickel laterites and Nickel/Copper sulphides.
The nickel laterites that see in many of the large Australian projects they are mineralogically complex and tend to be lower in grade making it harder to develop and process them economically.
Obviously it can be done, but the AISC is going to be higher and the capex requirements also seem to be very very large.
Nickel/copper suplide deposits why are they not being explored for in Australlia? well simply because near the surface there are no sulphide cobalt deposits left.
So where do we find these mineralogically attractive deposits?? In Australia?nope Canada? nope DRC? yepppp.
So now we see the problem we have large complex projects high capex high cost projects in Australia or low capex low cost projects in the DRC.
What I liked about CLA is it’s the combination we have been looking for they are a copper sulphide deposit in Namibia, so not only do we have a rare opportunity for a copper sulphide deposit outside of the DRC, we have the highest grade opportunity outside of the DRC.
Are there any other explorers out there looking for the same thing?