Doubleview provides a summary of the cobalt component at its Hat Polymetallic Deposit in British Columbia, ahead of an updated Mineral Resource Estimate and Preliminary Economic Assessment. The deposit is seen as having a significant undeveloped cobalt resource within a copper-gold-scandium system, with potential for efficient processing and relevance in the rising demand for battery metals.
Doubleview Provides Cobalt Resource Summary for the Hat Polymetallic Deposit in Advance of Updated MRE and PEA is pleased to provide a summary of the cobalt component of its Hat Polymetallic Deposit in northwestern British Columbia, in advance of the upcoming updated Mineral Resource Estimate and Preliminary Economic Assessment .
Based on the Company's review of publicly available information, the Hat Deposit may contain oneThe Hat Deposit Maiden Mineral Resource Estimate, released July 25, 2024, outlined a large alkalic porphyry type copper-gold-cobalt-scandium resource, within which cobalt occurs as a by-product metal uniformly associated with copper and pyrite mineralization. The cobalt component of the resource is summarized as follows: The Hat Deposit contains one of the more significant undeveloped cobalt-containing mineral resources in Canada.Cobalt is consistently distributed throughout the alkalic porphyry system alongside copper, gold, silver, and scandium. Metallurgical testwork to date indicates that cobalt is efficiently liberated into a clean pyrite concentrate suitable for conventional downstream processing. Additional metallurgical work is ongoing."Copper, gold, and scandium remain the primary value drivers at the Hat Deposit, but the cobalt content represents a meaningful additional component of the project's critical-minerals profile. As demand for secure and responsibly sourced battery metals continues to rise, the Hat Deposit's location in a Tier-1 jurisdiction and its unusually large cobalt endowment strengthen the project's long-term relevance. As we complete the updated MRE and advance our PEA, cobalt will be one of several important contributors evaluated in the broader economic framework."More than 70% of refined cobalt is processed in China, and most mine supply originates from the Democratic Republic of Congo. Western governments and industry groups are seeking secure, ethical, and transparent supply chains. Canada currently produces only minor by-product cobalt amounts. The Hat Deposit has theto potentially contribute to future domestic supplyErik Ostensoe, P.Geo., a consulting geologist and Doubleview's Qualified Person as defined by NI 43-101, has reviewed and approved the technical disclosure in this news release. Mr. Ostensoe is not independent of Doubleview as he is a shareholder of the Company.The Hat Deposit is located in northwestern British Columbia and is a large alkalic-porphyry system hosting significant copper, gold, cobalt, and scandium mineralization. The project has been advanced through multiple exploration campaigns, geophysical surveys, metallurgical test programs, and drill programs targeting expanded resource potential. An updated MRE and PEA are underway and expected before the end of 2025."The scandium resource potential is based on the drill holes on the property drilled for maiden resource estimate for other metal content than scandium. The potential quantity and grade are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource."On behalf of the Board of Directors, This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements relate to expectations, beliefs, projections, and future events and are based on current assumptions as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: anticipated timing of the updated Mineral Resource Estimate and Preliminary Economic Assessment; interpretations of the cobalt component of the Hat Deposit; metallurgical results; the potential for future production; and the potential significance of cobalt, scandium, and other metals to the project's economic considerations. Forward-looking statements are subject to various risks and uncertainties that may cause actual results to differ materially, including: exploration and development risks; changes in commodity prices; environmental, permitting, and regulatory risks; risks inherent to metallurgical testwork; uncertainties in geological interpretations; and other risks described under the Company's filings on SEDAR+. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company undertakes no obligation to update forward-looking statements. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Silver price retreats from record high on concerns of overheating The rally in silver – which rose more than 8% over the previous two sessions – has been fueled by bets on prolonged supply tightness.Initiative begins with a meeting on Dec. 12 with Japan, South Korea, Singapore, the Netherlands, the UK, Israel, the United Arab Emirates and Australia.Saudi Arabia launches bidding for 13,000 sq km mineral exploration licencesSilver price climbs to fresh high on supply fearsIvanhoe Mines fires up Africa’s largest copper smelter Ivanhoe expects to feed its first concentrate into the smelter by year-end, kickstarting the production of 99.7%-pure blister copper anodes.
Cobalt Hat Deposit Doubleview Polymetallic Mineral Resource
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