Koba Resources is an Australian resources company exploring a portfolio of high-grade lithium and cobalt projects in North America and Australia to support the electric vehicle revolution and the world’s path towards net zero emissions.
The electrification of the global economy continues to gain momentum led by the electrical vehicle (EV) revolution. EV sales are expected to accelerate from around 9 per cent of the global car market in 2021 to almost 40 per cent by 2030. Coupled with increasing production of energy storage systems and smart devices, it follows that the demand for lithium-ion batteries will grow dramatically with some analysts tipping a 20-fold increase by 2050. A significant increase in lithium and cobalt production will be required to satisfy this forecast demand requiring many new mines to come online. Koba Resources strategy for growth is to establish dominant lithium and cobalt positions near growing markets in safe and stable, ESG-leading jurisdictions.
The Colson Project is centred on the historic Salmon Canyon Mine, from which several hundred tonnes of copper-cobalt-gold ore were mined between 1964 and 1979. Subsequent exploration has delineated a series of large, strong IP anomalies coincident with high tenor cobalt-copper soil anomalism that are high-priority drill targets.
The Elkhorn Cobalt Project is an early-stage prospect with historic prospecting pits containing cobalt-copper oxides over 1.5km of strike length. The character of the mineralisation, together with the host stratigraphy, invite analogies between Elkhorn and the known deposits within the Idaho Cobalt Belt.
The Panther Project lies 3km east of Jervois’ Idaho Cobalt Operation and 3km to the northeast of the historic Blackbird Cobalt Mine, where approximately 5 million tonnes of ore was mined between 1938 and 1969.
The Blackpine Project contains high-grade drill intersections and multiple untested, high-priority coincident IP and soil geochemistry anomalies over 4km of strike. The Project is located just 15km southeast of the highly endowed Blackbird Cobalt District that includes the past-producing Blackbird Mine and Jervois’ Idaho Cobalt Operation, where initial commissioning of a new mining and processing operation commenced during October 2022.
There is a long history of small-scale mining activity in the Goodsprings District. Since 1921, 19.1 tonnes of ore, at an average grade of 9.5% Co, were shipped from four mines.
The Whitlock Project is located immediately along strike from the Tanco Lithium Mine – Canada’s only operating lithium mine where reserves comprise 7.3Mt @ 2.76 Li₂O
Koba’s JB1 Lithium Project is located within Quebec’s prolific James Bay lithium province in close proximity to several major lithium deposits and just 12km along strike from the Rose Lithium Deposit where resources comprise 34.2Mt @ 0.9% Li₂O. Previous drilling at the JB1 Project has intersected significant thicknesses of pegmatites that are highly prospective for lithium and have never been assayed for lithium.
The Python Project is highly prospective for lithium-bearing pegmatites. Western Australia’s Pilbara region is emerging as one of the world’s most significant hard rock production centres.
Whitlock Lithium Project
Located immediately along strike from the Tanco Mine – Canada’s only operating lithium mine, where lithium reserves comprise 7.3Mt @ 2.76% Li2O.
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JB1 Lithium Project
Located within Quebec’s prolific James Bay region which hosts several major lithium developments and is just 12km from the Rose Deposit with resources of 34.2Mt @ 0.9% Li2O.
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Cobalt Projects
Koba has four high-grade assets in one of the western world’s premier cobalt districts – the Idaho Cobalt Belt, including the highly prospective Blackpine Project which is 15km south of Jervois’ producing Idaho Cobalt Operation.
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