Australian Mines large-scale cobalt find
BY ELIZABETH FABRI ASX-listed Australian Mines has identified large-scale cobalt-in-soil anomalies at its Thackaringa project near Broken Hill, NSW. Recent surface geochemical sampling at Target Area A uncovered three zones of elevated levels of cobalt that are reportedly similar to the Pyrite Hill and Big Hill prospects at Cobalt Blue’s identically named Thackaringa project. Australian Mines said with the anomalous zones partially buried by a shallow alluvial cover, surface expressions of cobalt mineralisation greater than 15ppm (grams per tonne) were considered significant. “This technique, for example, has been successfully used by Alloy Resources on its Ophara CobaltGold project directly to the west of the Australian Mines’ Thackaringa Project, as well as being the documented geochemical signature of the Pyrite Hill…