African Battery Metals – The Dark Horse of Cobalt

Update: 29th October 2018

Extremely disappointing performance from this company. Especially the fact that no RNS to convey the results [or lack thereof] of exploration at Kisinka was released.

For me, this company in its current guise, along with management are now an avoid

 

African Battery Metals is effectively surrounded by one of the largest Cobalt mines in the world

Katanga is 6km North East, bordering to the South East and approx 6km to the South

In the field measurements from existing pits showed prospective Cobalt grades of up to 2.5%

Anything above 2% Cobalt is considered high grade

African Battery Metals is positioned right in the middle of what we can see is an extremely prolific and productive area.. once those prospective grades are proved up, big brother Glencore will surely be looking over the fence.. especially as Cobalt recently hit $80,000 per tonne

The company sits today at £3.8 million market cap

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