Discovery of new, high-grade intersections of cobalt mineralisation at the Railway Prospect

18 May 2012

Cobalt resources set to grow with discovery of new, high-grade intersections of cobalt mineralisation at the Railway Prospect

Drilling at the Railway Cobalt Prospect near Broken Hill has intersected thick, highgrade zones of cobaltiferous pyrite. Drill intersections of more than 45 metres of 3.85 pounds per tonne cobalt is similar in thickness but more than double the cobalt grade than the nearby Pyrite and Big Hill Cobalt Deposits.

 The wide-spaced drilling intersected near-surface cobaltiferous pyrite mineralisation within a zone which trends over 1.5 kilometres and is up to 300 metres wide. The mineralisation is open along trend and at depth.

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