CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
The final assays are in from UEX Corp.’s winter drilling program at its West Bear cobalt-nickel property in the eastern part of the Athabasca Basin. The company resampled 62 sonic drill holes and 12 historical diamond drill holes.
Highlights from the re-sampling program included the following:
UEX said the data from the winter program will be incorporated into the geological database, and the company will soon complete a new interpretation of the West Bear deposit. The deposit has inferred resources of 390,000 tonnes grading 0.37% cobalt and 0.22% nickel, containing 3.2 million lb. cobalt and 1.9 million lb. of nickel. The company is now selecting targets in the Umphervillle area 2 km north of the West Bear deposit.
The West Bear property includes a uranium deposit of the same name discovered in 1976. It is thought to be the shallowest undeveloped uranium deposit in the Athabasca Basin. The cobalt-nickel minerallization is found below the uranium.
This story first appeared in the Canadian Mining Journal
