New study shows despite ongoing thrifting efforts, cobalt use per electric vehicle sold around the world this year is up 45%.
The forecast comes with a caveat.
The company also reported that a review of historical drill data indicates potential for elevated grades.
"Any signs of stimulus from the Chinese auto market could lead to additional upside price potential."
The amount of reported drillholes surged by a staggering 139% in Australia.
Shares of Ascot Resources rose by 5% at Friday's market open.
Police said the companies presented fake documents backing the stability of the dam that collapsed in January.
The Gaban gold and Tinka iron oxide copper-gold projects are located in the Puno orogenic gold belt.
The move follows a shipment ban imposed by the government in July.
The project is funded by Genome BC and the Gitanyow Fisheries Authority.