New Cobalt Project Application: Lake Innes, NSW

• New application lodged over Nickel-Cobalt resources in the New England Fold Belt of New South Wales
• Indicated surficial resources potentially amenable to open pit mining totalling 10.6Mt containing 86,000t nickel and 12,500t cobalt
• Potential for on‐site processing with previous metallurgical testwork indicating greater than 80% recovery using atmospheric acid leach technology
• Cobalt is one of the three key elements, with lithium & graphite, that make up Lithium-ion batteries – a rapidly emerging market

Cazaly Resources Limited (ASX: CAZ, “Cazaly” or “the Company”) is pleased to announce an application for an Exploration Licence in New South Wales covering several known nickel/cobalt resources. The licence application covers approximately 73 square kilometres of prospective geology within the New England Fold Belt on the mid-north coast of New South Wales. The area is 310km north-east of Sydney and ~10km from the town of Port Macquarie.

Click here to view complete announcement