Completion of Voisey’s Bay cobalt throughput test
Vale completes cobalt throughput test at Voisey's Bay mine, achieving 93.7% average throughput rate over 90 days.
- Cobalt throughput rate achieved 93.7%
- Test period 90 days
- Ecora net interest in cobalt stream 70%
- Ecora cobalt entitlement (phase 1) 22.82%
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Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) notes the announcement on 4 September by Vale Base Metals that it has successfully completed the cobalt throughput test at its Voisey's Bay mine. The test achieved an average throughput rate of 93.7% over a 90-day period.
Ecora holds a 70% net interest in a cobalt stream over the Voisey's Bay mine and is entitled to receive 22.82% of all cobalt production from Voisey's Bay up until 7.6kt of finished cobalt have been delivered, and 11.41% entitlement thereafter.
The full press release can be read here: https://valebasemetals.com/news/vale-base-metals-announces-successful-completion-of-cobalt-throughput-test-at-voiseys-bay/
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.