Page 59 Contd on pg 58 ment ref nery and sale of North Americansourced cobalt Located in wellknown mining district cen tered near Salmon Idaho First Co balt also controls a right to 50 past producing mines in the Canadian Cobalt Camp The successful testing of First Co balt Ref nery in Cobalt Ontario marks an important step in realiz ing a North American supply chain The input ore was assayed at 208 cobalt surpassing the refer ence grade for sulfate pricing The ref ned product was classif ed as high purity achieving over 999 purity The ref nery has the potential to produce up to 2000 tonnes of co balt per annum as the process excluded use of autoclave cir cuit allowing for increase in plant throughput Near term cash f ow potential 1824 months from sourcing of feedstock milestone advances these nego tiations as well as of take discus Successful testing of North America s cobalt ref nery