Tiger Resources has commissioned a study by the independent consultant, Minitrex to investigate the economic viability of producing cobalt at its Kipoi Project in the Democratic Republic of Congo.
The company has measured and indicated a resource of 40 400 t and inferred 5 600 t of cobalt across the Kipoi Central, Kipoi North, Kileba and Judeira deposits.
There is additional cobalt resources at the nearby Sase Central deposit, where Tiger has defined 5 000 t of indicated resources and 1 000 t of inferred cobalt.
The study is expected to take three months to complete which will then examine Tiger’s potential processing pathways with Mintrex to recommend options for future metallurgical testwork.
Michael Griffiths, Tiger Resources CEO says the growing global demand for cobalt has encouraged the company to examine if it could economically convert its resources to a sale-able product.
“Cobalt is used in many industries, but its demand is increasing mostly due to its use in batteries and super alloys,” he said.
Griffiths says the company is in a position to capitalise on this with their known resource at Kipoi and a strong operating and production record.
The company currently produces approximately 26 000 t of copper cathode per year from the Kipoi project and is currently undertaking debottlenecking works at the plant to increase production capacity at Kipoi to 32 500 tpa.