Cobalt 27 Announces 2019 Q2 Production Update for Ramu Nickel-Cobalt Operation

TORONTO, Sept. 9, 2019 /PRNewswire/ – Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (TSXV: KBLT)(OTCQX: CBLLF)(FRA: 27O), is pleased to announce quarterly production results from its 8.56% direct equity interest in the world class Ramu integrated nickel and cobalt operation (“Ramu”). In the quarter ending June 30, 2019 Ramu produced 22,490 tonnes of mixed hydroxide product (“MHP”) containing 8,767 tonnes of Ni and 793 tonnes of Co. Year to date production at Ramu is 16,430 tonnes of contained nickel and 1,497 tonnes of contained cobalt. Ramu is one of the few High-Pressure Acid Leaching (“HPAL”) operations commissioned since 1999 that has met expectations with respect to capacity and cost as per below: