OPERATIONS UPDATE - MAY 2018

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OPERATIONS UPDATE - MAY 2018

  • Substantial 15,000m drilling program set to commence late May

  • 25,000km (1,720 km2) airborne magnetic survey to generate new drill targets

  • Diamond drill assay results from 2017 drilling have been received and metallurigical samples selected for processing

Wollogorang Cobalt Exploration

Based on the successful drilling and geophysical campaigns undertaken last year, the Northern Cobalt exploration team has identified 37 new drill targets that will be drilled tested this field season. Preparation is currently underway for a major 15,000m drilling program at the Wollogorang Cobalt Project.

The style of drilling will be modified to use smaller, lighter and more mobile drilling rigs, which will allow more prospects to be drilled in a shorter time and at significant cost savings. A portable XRF has been purchased and will assist in speeding up the news flow to the market.

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