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West Cobar Metals Limited (ASX:WC1)

ALERT: Price-sensitive ASX Announcement for WC1
Current share price for WC1 : $0.014 -0.004 (-22.22%)+
Announcement
Release
8 Jul 2026 8:22AM
Price at Release
$0.018
Full Release
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Summary
West Cobar Metals Limited (WC1) announced a detailed review of the Salazar project, revealing high-grade scandium drill targets with an Inferred Resource of 15Mt at 153ppm Sc2O3. The project shows promise for lower-cost production of scandium alongside other critical minerals such as rare earths, titanium dioxide, gallium, and alumina, due to its favorable mineralization characteristics. The review and recent test work indicate significant scandium recovery potential using atmospheric-pressure acid leaching and bioleaching, achieving up to 81% and 39% recovery respectively. WC1 aims to advance the project amid rising global demand and strategic importance of scandium, particularly in response to tightening Chinese export controls.
Key Points
  • West Cobar Metals Limited (WC1) identified high-grade scandium drill targets at Salazar.
  • Salazar project hosts a scandium Inferred Resource of 15Mt at 153ppm Sc2O3.
  • Atmospheric-pressure acid leaching achieved up to 81% scandium recovery.
  • Potential for lower-cost scandium production along with rare earths, titanium dioxide, gallium, and alumina.
  • International attention on scandium due to Chinese export controls and feasibility studies.
  • Bioleaching testwork showed up to 39% scandium recovery under atmospheric conditions.
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.