An independent valuation of the Luapula processing facility, in the Democratic Republic of Congo, has estimated an asset value of more than $33.3-million, on an as-is basis.
Cobalt hopeful Winmar Resources last year struck a deal with African Holding Investment Company to acquire a 50% interest in the Luapula cobalt processing facility, which was constructed in 2014 at a capital cost of $80-million, is a conventional copper/cobalt leaching plant with a throughput capacity of 250 000 t/y of run-of-mine feed.