- Demand for cobalt as component in lithium batteries climbs
- Present cobalt sources mainly located in Africa
- First Cobalt is largest North American explorer focused on cobalt
- Recent drill results promise profitable commercialization
In mining, the lament is often ‘good depth, pity about the size’ or ‘good size, pity about the depth’, since what determines high-grade mineralization is always related to the depth and size of the intersection. Arguably, size may be a weightier factor. Mining technology today has advanced to the point where excavation at the most abysmal depths is commercially feasible. The Kennecott Copper Mine, an open-pit mine near Salt Lake City, Utah, is at 0.6 miles (0.97 km) deep and 2.5 miles (4 km) wide, the largest and deepest excavated hole in the world.
However, while deep holes may make the record books (Kennecott, also known as the Bingham Canyon Mine, was designated a National Historic Landmark in 1966), miners naturally prefer to find their minerals closer to the surface. Thus, drill results like those announced by…
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