Nickel & Cobalt

[johnlw]

oas
Here's one that just did a reorg.
Don't know anything about it, just passing it on.
GVC.V
http://www.geovic.net/

Cobalt-Nickel-Manganese Mining Project
East Province, Cameroon

Geovic, Ltd. (“Geovic”), a wholly-owned subsidiary of Geovic Mining Corp. (“GMC”) has discovered and controls the world’s largest primary resource of cobalt located in Cameroon, about 640 kilometers east from the seaport of Douala. A comprehensive pre-feasibility study and 43-101 Technical Report was completed in early 2006 by Pinock, Allen & Holt (PAH) of Lakewood, CO. PAH estimated proven and probable ore reserves at 53 million tonnes grading, 0.24% cobalt, 0.72% nickel and 1.22% manganese. The first of seven deposits to be developed will initially produce 4,000 tonnes of cobalt per year.

Distinctive features of these shallow deposits facilitate the use of inexpensive, yet highly efficient concentration and hydrometallugical processing methods, unlike that of any other cobalt-nickel project in the world. As a result, capital costs will be the lowest in the industry, operating costs will be globally competitive and financial performance will be exceptional. Additional resources in six other deposits will allow substantial expansions and extension of production.

Geovic Minining Corp. is a public company based in Grand Junction, Colorado that owns and controls 60% directly and indirectly in Geovic Cameroon PLC (GeoCam). GeoCam is a private Cameroonian corporation that has exclusive rights and 100% ownership of a 1,250 square kilometer Mining Permit that covers the entire cobalt-nickel province.