Cobalt Miners News For The Month Of May 2023
Original announcement by tmx on
- Company
- Unavailable
- Ticker
- FTMDF
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Cobalt
- Secondary commodities
- Nickel, Lithium, Copper, Manganese, Rare earths, Gold
- Document categories
- Drill results, Other, Resource update
- Extracted
- 2026-09-17 23:09:23 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
A monthly news summary for the cobalt sector covering market pricing, supply/demand forecasts, and key corporate updates. Notable news includes CMOC's profit decline, Glencore's recycling hub study, and various exploration/resource updates from junior miners.
Reasoning: This is a monthly news aggregator summarizing various cobalt market developments, company earnings, and project updates rather than a single corporate announcement.
Positive factors
- Long-term demand forecasts for cobalt in EV batteries remain strong
- Germany committing $2.2 billion to secure critical commodity supply
- Glencore and Li-Cycle joint study for European recycling hub
Negative factors
- Short-term cobalt market facing oversupply and weak demand
- CMOC Group and GEM Co reporting significant YoY profit decreases
- Cobalt spot prices remaining flat/low
Facts used in scoring: 9
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: Havilah Resources reports results at Johnson Dam prospect noting proximity to the Kalkaroo deposit.
Evidence · text
“Favourable aspects of the Johnson Dam prospect include... proximity to the Kalkaroo deposit”
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 Estimate”
Extracted facts
Stored fact records: 9. Some facts used in scoring do not have a stored record.
Drill Results (8)
KKRC0631Deep Well · copperGrade: 0.42Grade Unit: %Intercept: 19 mView all detailsHide details
Identity
- Hole ID
- KKRC0631
- Project
- Deep Well
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 0.42
- Grade Unit
- %
- Intercept
- 19 m
- From
- 163 m
- To
- 182 m
- Intercept Depth
- 163 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0631:163-182
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: Encouraging new copper and critical minerals results from RC drilling.
Positive factors
- Highest combined grades of copper and critical minerals ever found at Deep Well
Evidence · text
“KKRC0631 19 metres of 0.42% copper and 206 ppm cobalt from 163 metres downhole”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KKRC0631Deep Well · cobaltGrade: 206Grade Unit: ppmIntercept: 19 mView all detailsHide details
Identity
- Hole ID
- KKRC0631
- Project
- Deep Well
- Commodity
- cobalt
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 206
- Grade Unit
- ppm
- Intercept
- 19 m
- From
- 163 m
- To
- 182 m
- Intercept Depth
- 163 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0631:163-182
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: Encouraging new copper and critical minerals results from RC drilling.
Positive factors
- Highest combined grades of copper and critical minerals ever found at Deep Well
Evidence · text
“KKRC0631 19 metres of 0.42% copper and 206 ppm cobalt from 163 metres downhole”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KKRC0631Deep Well · goldGrade: 1.64Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- KKRC0631
- Project
- Deep Well
- Commodity
- gold
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 1.64
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 170 m
- To
- 173 m
- Intercept Depth
- 170 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0631:170-173
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: Gold component of the KKRC0631 intercept.
Positive factors
- Included in a high-grade intercept
Evidence · text
“including 3 metres of 1.64 g/t gold from 170 metres downhole”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KKRC0639Deep Well · copperGrade: 0.25Grade Unit: %Intercept: 37 mView all detailsHide details
Identity
- Hole ID
- KKRC0639
- Project
- Deep Well
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 0.25
- Grade Unit
- %
- Intercept
- 37 m
- From
- 28 m
- To
- 65 m
- Intercept Depth
- 28 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0639:28-65
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: RC drillhole results at Deep Well.
Evidence · text
“KKRC0639 37 metres of 0.25% copper from 28 metres downhole”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KKRC0639Deep Well · molybdenumGrade: 0.09Grade Unit: %Intercept: 22 mView all detailsHide details
Identity
- Hole ID
- KKRC0639
- Project
- Deep Well
- Commodity
- molybdenum
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 0.09
- Grade Unit
- %
- Intercept
- 22 m
- From
- 43 m
- To
- 65 m
- Intercept Depth
- 43 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0639:43-65
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: Molybdenum component of the KKRC0639 intercept.
Evidence · text
“including 22 metres of 0.09% molybdenum from 43 metres downhole”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KKRC0630Deep Well · copperGrade: 0.26Grade Unit: %Intercept: 29 mView all detailsHide details
Identity
- Hole ID
- KKRC0630
- Project
- Deep Well
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 0.26
- Grade Unit
- %
- Intercept
- 29 m
- From
- 130 m
- To
- 159 m
- Intercept Depth
- 130 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0630:130-159
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: RC drillhole results at Deep Well.
Evidence · text
“including 29 metres of 0.26% copper”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KKRC0630Deep Well · cobaltGrade: 460Grade Unit: ppmIntercept: 29 mView all detailsHide details
Identity
- Hole ID
- KKRC0630
- Project
- Deep Well
- Commodity
- cobalt
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 460
- Grade Unit
- ppm
- Intercept
- 29 m
- From
- 130 m
- To
- 159 m
- Intercept Depth
- 130 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0630:130-159
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: Cobalt component of the KKRC0630 intercept.
Evidence · text
“and 460 ppm cobalt from 130 metres downhole”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KKRC0630Deep Well · copperGrade: 0.12Grade Unit: %Intercept: 110 mView all detailsHide details
Identity
- Hole ID
- KKRC0630
- Project
- Deep Well
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- FTMDF
Geometry
- Grade
- 0.12
- Grade Unit
- %
- Intercept
- 110 m
- From
- 62 m
- To
- 172 m
- Intercept Depth
- 62 m
Classification
- Sample Type
- drill
- Group ID
- KKRC0630:62-172
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2023-05-25T00:00:00.000Z
Reasoning: RC drillhole results at Deep Well.
Evidence · text
“KKRC0630 110 metres of 0.12% copper from 62 metres downhole”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (1)
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
- 2023-05-25T00:00:00.000Z
Reasoning: Updated mineral resource estimate for Walford Creek.
Positive factors
- Substantial cobalt deposit
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
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.