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program in 2013, drilling 45 holes, for nearly 7,400 metres, with positive results. Global Cobalt, Imperial Mining
Holding Limited and Global Energy Metals Corporation underwent an arrangement transaction in 2016. Global Cobalt retained its option over the Karakul Cobalt Property as its principal property. It also has an option to acquire four other nearby deposits known as the "Altai Sisters" in the Altai Republic. These four properties are Kuruozek, Yantau, Toshtuozek and Olendzhular.
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The mineral deposit was discovered by Soviet prospectors in the 1970s. Imperial Mining held a license to develop the field in 2010. It is possibly the world's largest source of primary cobalt outside of Africa. In 2015 it was owned by Global Cobalt. Global Cobalt had conducted a drilling exploration
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121:. The deposit has reserves amounting to 180 million tonnes of ore grading 0.33% cobalt, 1.5% copper, 0.11% nickel and bismuth, 0.4% tungsten, 4.6 million oz of gold and 57.6 million oz of silver.
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290:"A HOLE IN THE GROUND AT THE END OF THE WORLD — EBRD WON'T EXPLAIN INVESTING $ 30 MILLION TO DO SOMETHING IN RUSSIA WHICH IS FORBIDDEN – MINE COBALT"
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The five deposits are bundled as the proposed
Karakul cobalt mine. The proposal would be to export the ore overland to China for processing.
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204:. It has reserves amounting to 33 million tonnes of ore grading 0.15% cobalt, 0.6% copper, 0.75% tungsten and 2.11 million oz of gold.
156:. It has reserves amounting to 50 million tonnes of ore grading 0.35% cobalt, 0.5% nickel and 3.2 million oz of gold.
224:. It has reserves amounting to 67 million tonnes of ore grading 0.4% cobalt, 1% copper and 8.57 million oz of gold.
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Global Cobalt and
Imperial Mining Holding also have interests in four other exploration targets nearby.
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359:"Global Cobalt Completes Arrangement Transaction and Spin Out of Global Energy Metals"
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Mine in Kosh-Agachsky
District, Altai Republic, Russia
339:. Proactive Investors North America. 19 December 2013
269:. Imperial Mining Holding Ltd. April 2011. p. 3
405:. Proactive Investors North America. 19 June 2013
180:. It has estimated reserves of 288 million oz of
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267:"Corporate Presentation"
234:List of mines in Russia
216:is a cobalt deposit in
148:is a cobalt deposit in
433:Earth Island Institute
109:is one of the largest
34:Kosh-Agachsky District
383:. Global Cobalt Corp
214:Olendzhular deposit
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194:Toshtuozek deposit
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463:Geology of Russia
429:The Altai Project
361:. 21 January 2016
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317:. 2015-05-10
315:Mining Atlas
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240:References
188:Toshtuozek
62:Production
457:Category
381:"Russia"
228:See also
140:Kuruozek
67:Products
30:Location
25:Location
439:16 July
409:15 July
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321:15 July
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94:Website
86:Company
52:Country
222:Russia
202:Russia
182:silver
178:Russia
170:silver
160:Yantau
154:Russia
115:Russia
111:cobalt
75:Silver
71:Cobalt
56:Russia
168:is a
81:Owner
441:2019
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