Alexander Mining receives Australian cobalt extraction patent

Alexander Mining's MetaLeach subsidiary has secured an Australian patent for its method of cobalt ore extraction.

The patent forms part of the miner's AmmLeach recovery technology portfolio.

"Cobalt is a core target metal for the commercialisation of our intellectual property," said chief executive Martin Rosser.

"This Australian patent is complementary to the AmmLeach and HyperLeach suites of patents," he added.

As of 1010 BST, Alexander Mining was trading 6.7% higher at 0.72p.