Cobalt prices rocketed by 130 per cent over the course of 2017, ending the year at a price of $96,000 per tonne, an increase of $63,575 from February 2016 levels.
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First Cobalt secures up to $30m in financing for cobalt projects
First Cobalt will issue 25.7 million of its company shares at a price of C$1.10 per share in order to raise C$25 million ($25.56 million), taking advantage of the rising price of cobalt.
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Celsius Resources recovers cobalt at Opuwo project
Western Australia-based Celsius Resources has recovered notable levels of cobalt during testing at its Opuwo project in Namibia.
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Kairos commences gold drilling at Roe Hills in Pilbara
Following positive cobalt returns from initial aircore drilling results, which are now being dispatched for assaying, Kairos is commencing gold drilling as its second phase of operation.
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Cobalt Blue and Castillo achieve success in Broken Hill
Cobalt Blue and Castillo Copper are both making progress on cobalt projects in the Broken Hill region of New South Wales; the former has raised $2.5 million through Korean and Japanese investment for the Thackaringa project, while the latter is finalising strategy for its recent cobalt zone discoveries.
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Corazon reveals positive assay results from Cobalt Ridge
Results from assay drilling at Corazon's copper-gold-cobalt project in Cobalt Ridge, NSW, has revealed extensive high-grade mineralisation potential.
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Metallica to offload North Queensland project to Australian Mines
Australian Mines plans to acquire the multi-commodity Sconi project in North Queensland from joint venture partner Metallica Minerals for $10 million.
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Azure Minerals adds to Mexican portfolio with new acquisition
Australian-listed Azure Minerals has expanded its Mexican exploration portfolio with the acquisition of the the Sara Alicia gold-cobalt project.
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Survey at NT mine unearths ‘major anomaly’
A geophysical survey in the Northern Territory has revealed a major geophysical anomaly at one of Korab Resources’ drill sites.
The international mining and exploration company has reported “a large
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Freeport sells billion dollar mine to Chinese miner
Freeport McMoRan has sold its largest holdings in Africa to China Molybdenum for more than US$2 billion.
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