viewGlobal Energy Metals Corp

Global Energy Metals sees excellent cobalt, copper and gold recovery from metallurgical testwork at Millennium project

GEMC said that testing recovered excellent cobalt, copper and gold results, including high grade separate copper and cobalt concentrate

Global Energy Metals Corp -
CEO Mitchell Smith said the metallurgical results demonstrate the “significant value” of the Millennium project

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) has said it is seeing “exceptional” recovery results from testwork at its Millennium project.

The Vancouver-based firm is conducting metallurgical testwork in collaboration with Australia’s Cobalt Blue Holdings (ASX:COB), which has developed an innovative processing technology to extract and recover cobalt and other payable metals.

GEMC said that testing recovered excellent cobalt, copper and gold results, including high-grade separate copper and cobalt concentrate that can be easily floated from Millennium project samples.

Testing achieved float recoveries of 93% cobalt, 93% copper and 80% gold into concentrates, GEMC added

READ: Global Energy Metals set to raise C$500,000 to advance its battery metals projects in Nevada

Cobalt Blue’s process successfully treated the cobalt concentrate to extract 90% cobalt and 95% copper. Gold extraction of 90% was comprised of 10% using Cobalt Blue’s process and 80% through cyanide leach of the Cobalt Blue residue.

The metallurgical results demonstrate the “significant value” of the Millennium project, according to GEMC CEO Mitchell Smith.

“We are especially pleased with the performance of Cobalt Blue who have established that we can produce a clean, saleable copper-gold flotation concentrate and a separate cobalt concentrate which can be successfully treated using the Cobalt Blue Process for recovering cobalt, copper and gold,” Smith said in a statement.

"These test results are an important next step in accomplishing Global Energy's strategy to secure the supply of minerals critical to national security and economic growth. We look forward to incorporating these results into future studies to quantify the added value to the project."

Cobalt Blue is recommending GEMC complete a preliminary economic assessment on Millennium, GEMC told shareholders.

Results from the Millennium test work indicate that the Cobalt Blue Process could be adapted to treat cobalt-copper-gold sulphides that are abundant in the prolific Mount Isa and Cloncurry district, where GEMC holds a significant land position.

Global Energy Metals holds 100% of Millennium and two neighbouring cobalt assets in Mt Isa, Australia.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Global Energy Metals Corp


Price: 0.175 CAD

Market Cap: $4.73 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Global Energy Metals announces drill results at Millennium and geochemical...

Global Energy Metals CEO Mitchell Smith joined Steve Darling from Proactive to share news their partner Metal Bank has completed initial drilling and results from the first two drill holes at the Millennium copper, cobalt and gold project in Queensland showed 16m @ 1.07% Cu, 0.26% Co and 0.40g/t...

1 week, 5 days ago

2 min read