Aeon Metals has entered into a Memorandum of Understanding with Mitsubishi Corporation for offshore sales of sulphuric acid from its Walford Creek copper-cobalt project in north-west Queensland.
The acid would be produced as a by-product of the processing methodology being assessed in the Walford Creek feasibility study.
The company is looking at establishing a cobalt roasting plant, with an end product of cobalt oxide, as part of the process flow sheet for the site.
Aeon said that although domestic acid sales were expected to have a higher revenue netback, the relationship with Mitsubishi Corporation would provide Aeon with
new insights into the acid market and a possible backstop to the domestic market.
“This is a unique opportunity to partner with a world leader in marketing and sale of sulphuric acid and Aeon is extremely fortunate to be able to leverage off
Mitsubishi’s technical and sales expertise,” managing director Hamish Collins said.