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Company News Summary

Clean TeQ Holdings Provides Updated Mineral Resource Confirms Increases in Cobalt Grade and Contained Metal

09 Oct 2017  |  10:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Syerston Project - Updated Mineral Resource

Clean TeQ Holdings announced an update to the Syerston mineral resource. This update reflects an increase in cobalt ore grades and contained cobalt metal compared to the 2016 resource estimate (20 September 2016), which was the basis of the Pre-Feasibility Study (PFS). A substantial uplift in the scandium resource has also been achieved. The Platinum Mineral Resource includes high-grade zones of 12Mt @ 0.82 g/t Pt for 320,278oz, using a 0.5 g/t cut-off. The cobalt grade of the Mineral Resource has increased by 30%. The Mineral Resource is 101mt at 0.13% Co for contained cobalt metal of 132,000t. The nickel grade of the resource is 0.59% Ni for 593,000t of contained nickel. Of this total resource, 86% is in the Measured and Indicated categories.

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