Proactive Investors - Run By Investors For Investors

Fe Limited gets the drill bit spinning at Kasombo Copper-Cobalt Project

Fe Limited is set to increase exploration news flow in 2018.
Fe Limited gets the drill bit spinning at Kasombo Copper-Cobalt Project
Cape Lambert Resources is a major shareholder

Fe Limited (ASX:FEL) has now commenced its highly anticipated drilling program at the Kasombo Copper-Cobalt Project in the Democratic Republic of Congo.

The Kasombo Project comprises three mineralised areas of circa 600 hectares, Kasombo 5, 6 and 7, located within two granted mining licenses.

A total of 300 metres of drilling covering four holes at Kasombo 5 and five holes at Kasombo 7 is planned for this preliminary program.

One 79 metre hole at Kasombo 5 has been completed, with the second hole in progress.

Tony Sage, chairman, commented: "I am pleased to see drilling commenced so that we can start to reveal the potential of the Kasombo area."


The company collected twenty samples during the mapping program, predominantly from Kasombo 7.

Results included up to 6.99% cobalt.

Acquiring the Kasombo Project

Last month Fe shareholders approved the acquisition of Kasombo from Cape Lambert Resources Ltd (ASX:CFE).

Cape Lambert is a major shareholder holding 44.66% of the issued capital.

View full FEL profile View Profile

Fe Limited Timeline

Related Articles

Tsodilo holds diamond and metal licenses in Botswana and South Africa
pontax property
October 26 2018
The company said the discovery represents a solid target for further focused exploration
drill core
A recent capital raising has left Peel with about $8 million in the bank to fund the next round of work.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use