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West Cobar Metals Limited (ASX:WC1)

ALERT: Price-sensitive ASX Announcement for WC1
Current share price for WC1 : $0.015 -0.001 (-6.25%)+
Announcement
Release
10 Aug 2026 8:24AM
Price at Release
$0.016
Full Release
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Summary
West Cobar Metals Limited (ASX: WC1) is accelerating its efforts in scandium exploration at the Salazar Critical Minerals Project in Western Australia. The company is focusing on developing a scandium project by advancing multiple workstreams, including approvals for targeted drilling in higher-grade scandium zones expected to begin in Q4 2026. This initiative coincides with international tensions over scandium supply chains. Encouraging results have been seen from metallurgical testwork, showing significant scandium recoveries through atmospheric-pressure acid leaching. The Salazar Project, a unique site offering a combination of scandium, rare earth elements, titanium, and gallium, presents potential for low-cost mining and processing. The project aims to support the strategic importance of scandium in defense and technology sectors, highlighted by a recent significant US Government funding commitment to a similar ASX listed project.
Key Points
  • ASX release on 10 August 2026 by West Cobar Metals Limited (WC1)
  • Salazar Project in Western Australia focuses on scandium
  • Approvals in progress for Q4 2026 targeted drilling at Newmont deposit
  • Metallurgical tests show up to 81% scandium recovery through atmospheric leaching
  • Salazar hosts scandium, rare earth elements, titanium, and gallium
  • Project presents potential for low-cost mining and processing
  • Recent US Government funding underscores strategic importance of secure scandium supply
  • Further development studies and testwork planned to assess project economics
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.