Are these good grades? Any comments appreciated.
MetalsTech Ltd. [MTC-ASX] recently announced plans to spin out its iCobalt Ltd.[1CO-ASX] subsidiary via a $4.5 million initial public offering in a bid to accelerate exploration activity on its 100%-owned Bay Lake Cobalt Project, which covers 2,774 hectares. Historical mine shafts on the property contain exposed cobalt rich cobaltite veins assaying 15.36%, 15.29%, 14.31% and 15.27% cobalt.
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