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West Cobar Metals Limited (ASX:WC1)

ALERT: Price-sensitive ASX Announcement for WC1
Current share price for WC1 : $0.017 -0.001 (-5.56%)+
Announcement
Release
27 May 2026 8:21AM
Price at Release
$0.018
Full Release
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Summary
West Cobar Metals Limited has announced significant progress in their Salazar Critical Minerals Project in Western Australia, highlighting a potential low-cost recovery pathway for scandium. Recent and historical metallurgical testwork has demonstrated promising scandium recovery results using atmospheric-pressure acid leaching and bioleaching methods, achieving up to 81% and 39% recovery, respectively. These results suggest a more economical processing method compared to traditional high-pressure techniques. The project aligns with the increasing demand for scandium in sectors like aerospace and defense and supports the United States' critical minerals strategy. Further development and testwork are planned to refine these recovery techniques and explore the potential for high-grade scandium mineralization.
Key Points
  • Potential low-cost scandium recovery pathway identified
  • Scandium recovery up to 81% using acid leaching
  • Bioleaching achieves up to 39% scandium extraction
  • Strategic importance due to rising scandium demand
  • Project aligns with U.S. critical minerals strategy
  • Plans for further testwork and development
  • Salazar project may offer processing cost advantages
  • Scandium hosted in saprolitic clays, easier recovery
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.