5th December 2022
Media Release: West Cobar Metals (ASX: WC1) has re-engaged The ARC Centre of Excellence for Enabling Eco-Efficient Beneficiation of Minerals (COEMinerals) to undertake beneficiation studies on the Newmont Deposit to support project economic studies
Sample coverage: https://www.marketscreener.com…
• West Cobar Metals has re-engaged The ARC Centre of Excellence for Enabling
Eco-Efficient Beneficiation of Minerals (COEMinerals) to undertake beneficiation
studies on the Newmont Deposit to support project economic studies
• World class team led by the University of Newcastle in collaboration with
researchers from nine Australian universities, CSIRO, industry partner
organisations, as well as leading international researchers
West Cobar Metals Limited (ASX: WC1) (“West Cobar”, “the Company”) is pleased to
announce it has re-engaged The ARC Centre of Excellence for Enabling Eco-Efficient
Beneficiation of Minerals to undertake beneficiation studies for its Newmont Deposit
which contains an Inferred Mineral Resource of 43.5Mt at 1192ppm total rare earth oxide
(TREO). The studies will be administered through the University of Newcastle.
The aim of the beneficiation studies is to optimise the front end processing of rare earths
and support project economic studies.
The team, led by Laureate Professor Kevin Galvin from the University of Newcastle,
involves COEMinerals researchers from nine Australian universities, CSIRO, industry
partner organisations, as well as leading international researchers.
West Cobar Metals Non-Executive Chairman, Rob Klug, commented: “The ARC Centre
of Excellence for Enabling Eco-Efficient Beneficiation of Minerals, administered through
the University of Newcastle, will bring diverse high-level capability and expertise on
mineralogy and beneficiation of the Salazar REE clays.
The Centre is globally recognised for the development of transformational technologies
for enabling a competitive and environmentally sustainable future for Australia’s minerals
industry. We look forward to continuing our collaboration with them.”
West Cobar is progressing the Salazar Rare Earth Element (REE) Clay Project which
includes the clay hosted Newmont deposit, containing an Inferred Mineral Resource of
43.5Mt at 1192ppm total rare earth oxide (TREO) and estimated Exploration Target of
200 – 500Mt of 1000ppm to 1400ppm TREO (ASX announcement 7 November 2022).
In the area west of Cobar NSW, exploration for copper and silver at the Bulla Park Project
is continuing with data reassessment and further geological mapping with a view to
establishing new drill targets. Exploration at the Cawkers Well and Nantilla gold and base
metal projects will proceed as soon as landholder access agreements are concluded.
This ASX announcement has been approved by the Board of West Cobar Metals
David Pascoe Luke Forrestal
Chief Executive Officer GRA Partners
+61 8 9481 0389 +61 411 479 144
+61 421 077 523
This announcement has been prepared for publication in Australia and may not be released or
distributed in the United States. This announcement does not constitute an offer to sell, or a
solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities
described in this announcement have not been, and will not be, registered under the US Securities
Act of 1933 and may not be offered or sold in the United States except in transactions exempt
from, or not subject to, the registration of the US Securities Act and applicable US state securities
Forward looking statement
Certain information in this document refers to the intentions of West Cobar, but these are not
intended to be forecasts, forward looking statements or statements about the future matters for
the purposes of the Corporations Act or any other applicable law. The occurrence of the events in
the future are subject to risk, uncertainties and other actions that may cause West Cobar’s actual
results, performance or achievements to differ from those referred to in this document.
Accordingly, West Cobar and its affiliates and their directors, officers, employees and agents do
not give any assurance or guarantee that the occurrence of these events referred to in the
document will actually occur as contemplated.
Statements contained in this document, including but not limited to those regarding the possible
or assumed future costs, performance, dividends, returns, revenue, exchange rates, potential
growth of West Cobar, industry growth or other projections and any estimated company earnings
are or may be forward looking statements. Forward-looking statements can generally be identified
by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’,
‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. These statements relate to future events and
expectations and as such involve known and unknown risks and significant uncertainties, many of
which are outside the control of West Cobar. Actual results, performance, actions and
developments of West Cobar may differ materially from those expressed or implied by the
forward-looking statements in this document.
Such forward-looking statements speak only as of the date of this document. There can be no
assurance that actual outcomes will not differ materially from these statements. To the maximum
extent permitted by law, West Cobar and any of its affiliates and their directors, officers,
employees, agents, associates and advisers:
• disclaim any obligations or undertaking to release any updates or revisions to the information
to reflect any change in expectations or assumptions;
• do not make any representation or warranty, express or implied, as to the accuracy, reliability
or completeness of the information in this document, or likelihood of fulfilment of any forwardlooking statement or any event or results expressed or implied in any forward-looking
• disclaim all responsibility and liability for these forward-looking statements (including, without
limitation, liability for negligence).
Competent Person Statement and JORC Information
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
(the ‘JORC Code’) sets out minimum standards, recommendations and guidelines for Public
Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves.
The information contained in this announcement that relates to the exploration information at the
Salazar Project, WA fairly reflects information compiled by Mr David Pascoe, who is CEO of West
Cobar Metals Limited and a Member of the Australian Institute of Geoscientists. Mr Pascoe has
sufficient experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves’. Mr Pascoe consents to the inclusion in this announcement of the
matters based on his information in the form and context in which it appears.
The Company confirms that with respect to the Salazar Project, that it is not aware of any new
information or data that materially affects the information included in the Ore Resources provided
by the Competent Person in the announcement to the ASX of 8 September 2022 and that all
material assumptions and technical parameters underpinning the Ore Resources, continue to
apply and have not materially changed.
About COEMinerals: www.coeminerals.org.au
• Awarded $35 million by the Australian Government through the ARC Centre of Excellence
Research Funding Scheme, The ARC Centre of Excellence for Enabling Eco-Efficient
Beneficiation of Minerals (‘the Centre’, ‘COEMinerals’) is delivering on outcomes that support a
more competitive and environmentally sustainable future for Australia’s mineral industry.
• The Centre’s research and its application will reduce energy and water consumption, and
increase minerals recovery and concentration, through innovative new approaches that improve
outcomes based on scientific research, as aligned to Centre goals:
1. Doubling energy and water productivity in the mining sector by 2030, maintaining the drive
towards the ‘zero- emission mine’.
2. Reducing the loss of high value metals during minerals processing by 90%, thereby
increasing the concentration of recovered products used in metals refining. (Noting, the more
concentrated the minerals recovered, the less energy and pollution created ‘downstream’.)
3. Training a new generation of research leaders with eco-efficient academic and industryready training and skills who leave the Centre as top talent, and who will continue to
transform the minerals processing sector