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Tuesday, January 09, 2018 Derek Macpherson

RCKS Charts: BHP, TECK, KL, FM, ANX, ECS, WDO & TK

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In this edition of RCKS Charts, Keith has evaluated BHP Billiton Ltd. (NYSE:BHP), Teck Resources Ltd. (NYSE:TECK), TSX Diversified Metals & Mining Group, Kirkland Lake Gold Ltd. (TSX:KL), First Quantum Minerals Ltd. (TSX:FM), Anaconda Mining Inc. (TSX:ANX), eCobalt Solutions Inc. (TSX:ECS), Wesdome Gold Mines Ltd. (TSX:WDO) and Tinka Resources Ltd. (TSXV:TK).  read more


Wednesday, January 03, 2018 Derek Macpherson

eCobalt Reports Successful Concentrate Roasting

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eCobalt Solutions (TSX:ECS) reported positive results from its optimization efforts on its Idaho Cobalt Project (“ICP”). Laboratory scale testing has demonstrated the successful removal of arsenic from ICP ore concentrates by conventional roasting methods. These results reflect the company’s new objective of producing a clean (low arsenic content) cobalt concentrate product, an upstream precursor material for battery cathode production, that may result in material reduction of capital and operating cost at the Cobalt Production Facility. This update demonstrates to potential offtake partners that the company is well on its way to reduce the technical and execution risks of the project. We view eCobalt as one of the few companies positioned to meet the near-term increase in cobalt demand, taking advantage of the current upswing in metal prices. The project’s location, in the U.S., places it in a mining friendly jurisdiction with low political risks versus other Cobalt developers. read more


Monday, December 18, 2017 Derek Macpherson

eCobalt Reports Good Results from 2nd Infill Hole at ICP

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eCobalt Solutions (TSX:ECS) reported results from the second completed resource definition drill hole at its Idaho Cobalt Project (ICP), as a part of upgrading a portion of inferred resources to indicated resources for an updated feasibility study. Results returned, 0.26% Co, 2.1% Cu over 6ft (~1.83m), 0.37% Co, 0.4% Cu over 6ft (~1.83m), 0.38% Co, 0.8% Cu over 7.6ft (~2.34m) and 0.56% Co, 1.6% Cu over 23.4ft (~7.13m), which, along with the other two holes (1 remaining), the company believes should positively impact project economics. We view eCobalt as one of the few companies positioned to meet the near-term increase in cobalt demand, taking advantage of the current upswing in metal prices. The project’s location in the U.S., places it in a mining friendly jurisdiction with low political risks versus other Cobalt developers. read more


Thursday, December 14, 2017 Derek Macpherson

eCobalt Reports Drill Results From ICP; More Pending

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eCobalt Solutions (TSX:ECS) reported results from one of three completed resource definition diamond drill holes at its Idaho Cobalt Project (ICP), returning 0.40% Co, 0.3% Cu over 6ft (~1.83m), 0.44% Co, 1.6% Cu over 6ft (~1.83m) and 0.51% Co, 1.8% Cu over 16ft (~4.88m). Results are pending for the two remaining holes. Drilling was intended to upgrade a portion of inferred resources to indicated resource for an updated feasibility study. The updated resource is expected in Q1 2018, which the company believes should have a positive impact on project economics. We view eCobalt as one of the few companies positioned to meet the near-term increase in cobalt demand, taking advantage of the current upswing in metal prices. The project’s location in the U.S., places it in a mining friendly jurisdiction with low political risks versus other Cobalt developers.  read more


Wednesday, December 13, 2017 Derek Macpherson

RCKS Charts: ECS, BTR, RDS & SKE

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In this edition of RCKS Charts, Keith has evaluated eCobalt Solutions Inc. (TSX:ECS), Bonterra Resources Inc. (TSXV:BTR), Radisson Mining Resources Inc. (TSXV:RDS) and Skeena Resources Ltd. (TSXV:SKE).  read more


Thursday, December 07, 2017 Derek Macpherson

eCobalt Optimization Should Reduce Costs

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eCobalt Solutions (TSX:ECS) announced an update on the progress its made in optimizing the Idaho Cobalt Project (ICP). The company has decided to take a new direction with its cobalt product and is expected to produce a clean (low arsenic) cobalt concentrate that is expected to reduce capital and operating costs at the company’s Cobalt operating facility. This new direction has followed changes in battery supply chain dynamics and in-depth discussions with potential offtake partners.  read more


Friday, September 29, 2017 Derek Macpherson

eCobalt De-Risks ICP with Feasibility Study

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eCobalt Solutions (TSX:ECS) reported results from the feasibility study completed for its fully-permitted Idaho Cobalt Project (ICP) in Idaho. The 800 tpd project is estimated to produce 31.8 million lbs of cobalt, 2.4 million lbs annually, over 12.5-year mine life, with an after-tax NPV of $135.8 million, IRR of 21.3%. The project remained essentially unchanged from the 2015 PEA, with the exception of lower head grades which resulted in lower metal production. This was offset by updated cobalt prices to better reflect current market conditions, resulting in project economics being essentially unchanged. As well, the pre-production capex has increased, primarily driven by a higher cost estimate for the Cobalt Processing Facility. In our view, the study materially de-risks the project allowing the company to advance the ICP project into detailed engineering, financing and eventually into construction. As well, there appears to be some opportunities for project improvements both with respect to the mine plan and capital costs. Next material catalysts likely include a project financing to support construction in 2018 and ultimately production in 2020. We continue to believe eCobalt is well-positioned to take advantage of rising cobalt prices. read more


Thursday, August 10, 2017 Derek Macpherson

eCobalt Begins Pre-Construction; FS Expected in September

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eCobalt Solutions (TSX:ECS) provided an update regarding the feasibility study for its Idaho Cobalt Project (ICP), which is expected to be completed in September of this year. The company is now finalizing the mine design and schedule with the CPF design completed and site purchased. In the meantime, pre-construction activities are being fast-tracked for the fall, in advance of 2018 construction. The activities currently under review include, road work, transport gravel for construction material, move crusher to site, burial of pipeline and septic, install temporary power and remediation of Tailings Waste Storage Facility drainages. The United States Department of Agriculture Forest Service is reviewing whether to take the project off care and maintenance. We continue to believe eCobalt is well-positioned in the improving cobalt market, the feasibility study is an important key catalyst for the company in the near term. read more


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