Conico Limited (AU:CNJ) has released an update.
Conico Ltd, in partnership with Greenstone Resources Ltd, has completed a Scoping Study for the Mt Thirsty Project in Western Australia, revealing potential economic enhancements from producing high-value pCAM for lithium-ion batteries. The study suggests that the addition of pCAM and HPAL processing could significantly improve project economics due to the premium pricing of pCAM and high recovery rates of cobalt and nickel. However, upcoming ASX announcements regarding financial metrics of the project will be limited, as discussions with regulatory bodies continue.
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