22nd Jul 2015 08:05
LONDON (Alliance News) - Alexander Mining PLC on Wednesday said its MetaLeach Ltd subsidiary has received a patent in Australia covering its method for recovering cobalt from cobalt-containing ores.
The patent is part of the company's AmmLeach recovery technology portfolio.
"Cobalt is a core target metal for the commercialisation of our intellectual property. This Australian patent is complementary to the AmmLeach and HyperLeach suites of patents," said Chief Executive Martin Rosser.
Shares in Alexander Mining were up 6.7% on the news to 0.72 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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