• New application lodged over Nickel-Cobalt resources in the New England Fold Belt of New South Wales
• Indicated surficial resources potentially amenable to open pit mining totalling 10.6Mt containing 86,000t nickel and 12,500t cobalt
• Potential for on‐site processing with previous metallurgical testwork indicating greater than 80% recovery using atmospheric acid leach technology
• Cobalt is one of the three key elements, with lithium & graphite, that make up Lithium-ion batteries - a rapidly emerging market

Cazaly Resources Limited (ASX: CAZ, 'Cazaly' or 'the Company') is pleased to announce an application for an Exploration Licence in New South Wales covering several known nickel/cobalt resources. The licence application covers approximately 73 square kilometres of prospective geology within the New England Fold Belt on the mid-north coast of New South Wales. The area is 310km north-east of Sydney and ~10km from the town of Port Macquarie.

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Cazaly Resources Limited published this content on 31 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 March 2017 00:24:09 UTC.

Original documenthttp://cazalyresources.com.au/new-cobalt-project-application-lake-innes-nsw/

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