# Cobalt Miners News For The Month Of May 2023

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e

Original source: https://money.tmx.com/en/quote/FTMDF/news/5592427613206215/cobalt-miners-news-for-the-month-of-may-2023

Publisher: tmx

Original announcement: 2023-05-25T16:14:55.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas 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 factor: Long-term demand forecasts for cobalt in EV batteries remain strong

- Positive factor: Germany committing $2.2 billion to secure critical commodity supply

- Positive factor: Glencore and Li-Cycle joint study for European recycling hub

- Negative factor: Short-term cobalt market facing oversupply and weak demand

- Negative factor: CMOC Group and GEM Co reporting significant YoY profit decreases

- Negative factor: Cobalt spot prices remaining flat/low

Facts used in scoring: 9

## Classification and evidence

**Nearology Play**

Polarity: neutral

Story-specific tag

Definition: 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 Update**

Polarity: neutral

Definition: 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)

### KKRC0631

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-0)

Deep Well · copper

#### 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 factor: 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### KKRC0631

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-1)

Deep Well · cobalt

#### 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 factor: 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### KKRC0631

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-2)

Deep Well · gold

#### 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 factor: 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### KKRC0639

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-3)

Deep Well · copper

#### 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### KKRC0639

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-4)

Deep Well · molybdenum

#### 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### KKRC0630

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-5)

Deep Well · copper

#### 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### KKRC0630

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-6)

Deep Well · cobalt

#### 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### KKRC0630

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-drill-facts-7)

Deep Well · copper

#### 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 Disclosure**

Polarity: negative

Definition: 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 Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## Resource Estimates (1)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-may-2023--c2939fde-4392-4f47-940f-712edca2e57e#fact-resource-facts-8)

Walford Creek · cobalt

#### 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 factor: Substantial cobalt deposit

Evidence · text

> substantial and primary cobalt deposit \(33.6 Mt at 0.15% Co\)

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: 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.