Cobalt Miners News For The Month Of March 2023
Original announcement by tmx on
- Company
- Unavailable
- Ticker
- FTMDF
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Cobalt
- Secondary commodities
- Copper, Nickel, Lithium, Gold
- Document categories
- Resource update, Other
- Extracted
- 2026-09-17 23:09:31 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
A monthly news summary for the cobalt sector covering March 2023. Key themes include declining cobalt spot prices, forecasted market surpluses for 2023-2024, and strategic regulatory moves by the EU Commission regarding critical raw materials.
Reasoning: Monthly news aggregator summarizing cobalt market trends, price movements, and key company updates. Sentiment is slightly negative due to falling prices and looming supply surpluses.
Positive factors
- EU Commission strategic raw material targets
- CMOC production expansion in Congo
- Electra Battery Materials resource upgrade
Negative factors
- Declining cobalt spot prices
- Forecasted market surplus for 2023/2024
- LME inventory levels decreasing
Facts used in scoring: 6
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The document mentions several companies and projects in proximity to known cobalt deposits or strategic regions like the DRC and Idaho.
Evidence · text
“Jervois Global construction at Idaho Cobalt Operations nearing completion.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“Updated Mineral Resource”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (6)
indicatedIron Creek Cobalt-Copper Project · cobaltTonnes: 4400000Grade: 0.19Grade Unit: %Contained Metal: 18400000Contained Unit: lbView all detailsHide details
Identity
- Project
- Iron Creek Cobalt-Copper Project
- Commodity
- cobalt
- Region
- usa_id
- Reported Region
- Idaho
- Ticker
- FTMDF
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e7b1b0c8acbd19a3250e
Resource Data
- Category
- indicated
- Tonnes
- 4400000
- Grade
- 0.19
- Grade Unit
- %
- Contained Metal
- 18400000
- Contained Unit
- lb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-29T00:00:00.000Z
Reasoning: Indicated resource reported for cobalt at Iron Creek.
Positive factors
- Indicated resource upgrade
Evidence · text
“Indicated resource of 4.4 million tonnes grading at 0.19% cobalt for 18.4 million pounds cobalt”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedIron Creek Cobalt-Copper Project · copperTonnes: 4400000Grade: 0.73Grade Unit: %Contained Metal: 71500000Contained Unit: lbView all detailsHide details
Identity
- Project
- Iron Creek Cobalt-Copper Project
- Commodity
- copper
- Region
- usa_id
- Reported Region
- Idaho
- Ticker
- FTMDF
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e7b1b0c8acbd19a3250e
Resource Data
- Category
- indicated
- Tonnes
- 4400000
- Grade
- 0.73
- Grade Unit
- %
- Contained Metal
- 71500000
- Contained Unit
- lb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-29T00:00:00.000Z
Reasoning: Indicated resource reported for copper at Iron Creek.
Positive factors
- Indicated resource reported for copper
Evidence · text
“grading at 0.73% copper for 71.5 million pounds of copper”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredIron Creek Cobalt-Copper Project · cobaltTonnes: 1200000Grade: 0.08Grade Unit: %Contained Metal: 2100000Contained Unit: lbView all detailsHide details
Identity
- Project
- Iron Creek Cobalt-Copper Project
- Commodity
- cobalt
- Region
- usa_id
- Reported Region
- Idaho
- Ticker
- FTMDF
Resource scope
- Estimate type
- resource
- Resource group id
- resource:cfcd08b7773a76c804bb
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 0.08
- Grade Unit
- %
- Contained Metal
- 2100000
- Contained Unit
- lb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-29T00:00:00.000Z
Reasoning: Inferred resource reported for cobalt at Iron Creek.
Negative factors
- Inferred category
Evidence · text
“Inferred resource of 1.2 million tonnes grading at 0.08% cobalt for 2.1 million pounds of cobalt”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredIron Creek Cobalt-Copper Project · copperTonnes: 1200000Grade: 1.34Grade Unit: %Contained Metal: 36500000Contained Unit: lbView all detailsHide details
Identity
- Project
- Iron Creek Cobalt-Copper Project
- Commodity
- copper
- Region
- usa_id
- Reported Region
- Idaho
- Ticker
- FTMDF
Resource scope
- Estimate type
- resource
- Resource group id
- resource:cfcd08b7773a76c804bb
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 1.34
- Grade Unit
- %
- Contained Metal
- 36500000
- Contained Unit
- lb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-29T00:00:00.000Z
Reasoning: Inferred resource reported for copper at Iron Creek.
Negative factors
- Inferred category
Evidence · text
“grading at 1.34% copper for 36.5 million pounds of copper”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedWalford Creek · cobaltTonnes: 33600000Grade: 0.15Grade Unit: %View all detailsHide details
Identity
- Project
- Walford Creek
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- FTMDF
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e17a8dc3262b1e2cab0f
Resource Data
- Category
- indicated
- Tonnes
- 33600000
- Grade
- 0.15
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-29T00:00:00.000Z
Reasoning: Aeon Metals reports substantial growth in Walford Creek Mineral Resources including a cobalt deposit.
Positive factors
- Substantial growth in mineral resources
Evidence · text
“substantial and primary cobalt deposit (33.6 Mt at 0.15% Co)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 6Kalkaroo · cobaltContained Metal: 23200Contained Unit: tView all detailsHide details
Identity
- Project
- Kalkaroo
- Commodity
- cobalt
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- FTMDF
Resource scope
- Estimate type
- resource
- Resource group id
- resource:4d315c03730e5595b5c2
Resource Data
- Contained Metal
- 23200
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-03-29T00:00:00.000Z
Reasoning: Havilah's Kalkaroo deposit contains 23,200 tonnes of cobalt.
Evidence · text
“Kalkaroo copper-gold-cobalt deposit contains JORC Mineral Resources of ... 23,200 tonnes of cobalt”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.