Aeon Metals (ASX:AML) has increased the Global Mineral Resource by 65% at its 100% owned Walford Creek copper-cobalt project in northwest Queesland.
Aeon Metals says the Resource is now 72.6 Mt at 1.6% CuEq for 1,173 Kt of CuEq (copper equivalent grade) metal, which potentially makes it Australia's highest grade, substantial and primary cobalt deposit (33.6 Mt at 0.15% Co) including Amy (8.3 Mt at 0.22% Co).
It also says about 61.4% of the updated Global Mineral Resource is in the higher confidence M&I (measured mineral resources) classification.
Aeon Metals also highlighted contained metal increases across all key metals ranging from 67% up to 117%.