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: 0.305 CAD

Market: TSX-V
Market Cap: $5.6 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 Global Energy Metals Corp named herein, including the promotion by the Company of Global Energy Metals Corp in any Content on the Site, the...


Global Energy Metals remains focussed on advancing their assets in Nevada...

Global Energy Metals (CVE: GEMC- OTCQB: GBLEF) President and CEO Mitchell Smith joined Steve Darling from Proactive Vancouver to share details about the moves made by the company over the last few months that has seen them triple their market cap. Smith also told Proactive what he sees as the...

on 14/10/20

2 min read