Twenty Seven Co. Ltd (TSC) is an Australian company exploring for economic deposits containing Cobalt in highly prospective areas within stable jurisdictions. Cobalt is a strategic mineral and an essential element used in batteries important for the growth of renewable energy in the world.
Formed in August 2018, after acquiring Nomad Exploration Ltd along with its six highly prospective Cobalt exploration projects in Australia, the company changed its name from Uranium SA to Twenty Seven Co. Limited to reflect its strong Cobalt exploration focus.
TSC has a new CEO Ian Warland, and along with the board of directors makes an experienced team with a proven track record from exploration discovery, through to development and mining operations.
The Company’s 2018 exploration focus is on the NSW Midas project where early stage field work is in progress over the prospective Tharckaringa Group Rocks that elsewhere in the Broken Hill Block host the Thackaringa Cobalt Project (ASX: COB).
Twenty Seven Co’s has seven highly prospective Cobalt projects in Australia.
The world famous Broken Hill Block in New South Wales is host to the massive Broken Hill Lead, Zinc deposit and the Thackaringa Cobalt deposit (ASX:COB). Twenty Seven Co. (TSC) has two 100% owned NSW projects – Midas and Perseus, which are targeting the prospective Thackaringa Group Rocks for Cobalt mineralisation.
In the Northern Territory TSC is exploring for Cobalt at Pungalina, Calvert and Pear Tree projects. The Company’s NT project areas are located in the McArthur Basin, host to the world class McArthur River deposit, the Stanton Cobalt deposit and the historic Red Bank Copper deposits.
TSC’s fully owned Kalanbi project in the Western Gawler Craton of South Australia is prospective for Cobalt, Nickel, Copper and Gold.
In Western Australia, TSC is exploring for Cobalt and Nickel at its Rover Project in the Archean Greenstone Belt.
Why Cobalt Exploration
Global demand for Cobalt is growing strongly driven by the large-scale roll out of lithium ion batteries to power Electric Vehicles (EV’s) and more recently to store electricity for household and utility use.
- The number of electric and plug-in hybrid cars on the world roads exceeded 3 million in 2017 and could reach as high as 220 million in 2030 according to the International Energy Agency.
- Cobalt substitution is difficult in batteries because it is an efficient conductor and stable at high temperatures providing battery stability and longevity.
- McKinsey forecast cobalt demand to grow by 9-12% p.a. to 2025. As a result of this increased demand, the Cobalt price has risen over 200% in the last two years to June 30, 2018 (Source: LME, London Metal Exchange, 12th July 2018).
- Cobalt supply is at risk with ninety eight percent of cobalt obtained as a by-product of nickel and copper production and nearly two thirds of the world’s cobalt production comes from the Democratic Republic of Congo (DRC) (U.S Geological Survey). The DRC is a country with ongoing instability, question marks regarding ethical considerations of artisanal mining and recent unfavorable changes to its royalty tax regime.
- The situation is ripe for change and Australia, with more than 16% of global cobalt reserves in 2017, yet produced only 5% of supply according to the U.S Geological Survey. There is little doubt that Australian cobalt has plenty of potential, given its strong geological prospectivity, stable jurisdiction, high ethical standards and a world class mining industry.