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First Cobalt Reports 49% Upgrade in Cobalt Resource from Inferred to Indicated at Idaho Project

Figure 1. Distribution of Indicated and Inferred cobalt-copper resources at Iron Creek (view from above to show full extent of drilling).

Figure 2. Cross section of the CoEq block model grades showing typical thickness of mineralization and relationship to lithological contacts. Section is 100 feet (33m) thick and view is toward southwest (West 20o South) along the strike trend of mineralization. Block sizes are 10ft along strike, 5ft across, and 10ft high.

Figure 3. Schematic long section through the Iron Creek resources showing independent cobalt and copper grade shells.

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