Karakul Polymetallic Exploration Project — 2014 Technical Report
| Company | Global Cobalt Corporation |
| Date | June 2014 |
| Region | Republic of Altai, Russian Federation |
| Commodities | Cobalt, Copper, Bismuth, Tungsten, Silver |
| Status | Exploration |
Executive Summary
This NI 43-101 Technical Report, prepared by Wardell Armstrong International Limited (WAI) for Global Cobalt Corporation, covers the Karakul Polymetallic Exploration Project and adjacent satellite occurrences in the Republic of Altai, Russian Federation. The report details a Mineral Resource Estimate effective June 30, 2014, based on historical exploration data and a 2013 drilling programme. The deposit is classified as a hydrothermal polymetallic sulphide deposit with significant cobalt content, alongside copper, bismuth, tungsten, and silver. Resources are categorized as Indicated and Inferred, with no Mineral Reserves currently defined due to the project’s exploration status.
Metallurgical testwork indicates significant uncertainty regarding ore recovery. A conceptual flowsheet from a 2006 feasibility study proposes bulk flotation followed by smelting, matte grinding, and re-flotation, but crucial processing steps remain underdeveloped. WAI highlights risks including the bankruptcy of the license holder, incomplete licence obligations, and environmental challenges in a remote, high-biodiversity region. Further exploration and comprehensive metallurgical testing are required to advance the project to a feasibility study level.
Processing Profile
Reports
Website: https://www.accessnewswire.com/newsroom/en/metals-and-mining/global-cobalt-reports-on-western-zone-results-of-the-karakul-cobalt-project-413409
Report Date: June 2014
Region: Republic of Altai, Russian Federation
Project Status: Exploration
Commodity: Cobalt, Copper, Bismuth, Tungsten, Silver
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