- 100 percent ownership of the Cyclops Nickel-Cobalt Project in strategic location along northern coast of Indonesia
- Production/mining permits issued along with environmental (AMDAL) permit issued
- Significant, shallow mineralization at project site with a historical* estimate of 37Mt @ 0.11% Co and 1.31%Ni at 0.8% Ni cut-off grade
- Significant potential for expansion as mineralization is open at depth and on-strike
- Estimate based on over 856 shallow drill holes and 26 test pits
- Historical (non-compliant to 43-101 standards) high-grade drill intercepts of 8m @ 0.18% Co; 13m @ 0.15% Co; and 10m @ 0.19% Co
- Strategically located near China, the world’s largest cobalt buyer
- Cyclops Project Area covers 5,000 hectares with 9 prospects including 5 drill-tested and known cobalt-nickel prospects
- Preliminary Offtake Agreement signed with China’s top battery materials supplier, Beijing Easpring
Pacific Rim Cobalt Corp. (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) is a Canada-based exploration company focused on the acquisition and development of production-grade cobalt deposits, a key raw material input for the growing lithium-ion battery industry.
Pacific Rim Cobalt and its Cyclops Nickel-Cobalt Project, located in the Depapre District, Jayapura Regency, Papua Province, Republic of Indonesia, is uniquely positioned in a region with potentially the…
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