Ann: PFS - Calcine and Leach Testwork Complete - Strong Results, page-8

As a LT holder, I am very glad with this latest announcement as it further derisks the project.
After learning in Dec. the excellent results of the 1^st phase of the process (the concentrate) resulting in COB having to treat only 20% of the mined ore, today we are told the calcine and leaching phases tests results are excellent ( 96% of Cobalt extraction on a reliable basis) . “The key process steps have been validated”
To top it up COB is now producing samples of Cobalt Sulphate = the end product and commercial meetings will be held this month for the Cobalt Sulphate but also for the Co-product, the Elemental Sulphur
I could not ask for better news; judging by the SP and todays’s volume so far it seems the market has not noticed this big progress ….yet.