Keep pulling the thread on Josh Goldman.
The core of Cobalt Metals' Mingomba deposit in Zambia has a copper concentration of over 5%.
The Mingomba deposit in Zambia, operated by Cobalt Metals, is the highest-grade large copper deposit in the world that is not yet a mine.
The success rate in the mineral exploration industry has declined by a factor of ten over the past 30 years.
Thirty years ago, one billion dollars of industry-wide investment in mineral exploration would yield approximately eight discoveries, whereas today it yields less than one.
Cobalt Metals invests over $100 million annually across its portfolio of 70 projects on four continents.
To support a future economy powered by batteries and AI, more copper will need to be mined in the next 25 years than has been mined in all of human history.
China's high concentration of downstream processing capacity for minerals like rare earths, lithium, and copper makes it difficult for private companies in other countries to build competing facilities.
A high penetration of battery-powered devices will require a tenfold increase in lithium production compared to current levels.
Cobalt Metals' exploration portfolio includes more than 60 projects located in North America, Europe, Australia, and Africa.
Cobalt Metals targets a cost of $50 to $100 million for each successful mineral discovery.
Cobalt Metals is building the world's largest collection of geoscience data to aid in mineral exploration.
The perceived scarcity of rare earth minerals is overstated and largely a result of the word "rare" in their name.