Cape Lambert ventures into cobalt

ASX-listed Cape Lambert has struck a joint venture (JV) deal with Paragon Mining to develop advanced and near-term cobalt and copper projects in the Democratic Republic of Congo (DRC). “The JV agreement with Paragon is a major milestone for the company and follows a period of extensive legal and technical due diligence in the DRC by our consultants and management team,” Cape Lambert executive chairperson Tony Sage said on Wednesday.