Information in this presentation correct as of 23/04/2018
eCobalt is committed to providing clean cobalt products essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States. The Company’s Idaho Cobalt Project (“ICP”), located in East Central Idaho, is the only environmentally permitted, primary cobalt project in the United States. It is 100% owned by the Company’s wholly owned subsidiary, Formation Capital Corporation, U.S.
The ICP will produce a clean cobalt concentrate, an upstream precursor material for battery cathode production. A 2018 Updated Resource Model outlined 45.7M lbs Measured and Indicated Cobalt and 16.7M lbs Inferred. A new optimized feasibility study with updated reserve model is being finalized for Q2 2018.
Underground mine development is slated to commence in Q3 2018, with initial production by Q4 2019 and full production by H1 2020. Production is expected at a rate of 800 tpd over a minimum 12.5 year mine life.