viewCollerina Cobalt Ltd

Collerina Cobalt reveals high-grade cobalt discovery in New South Wales

The program consisted of 42 vertical aircore holes for a total of 1,668 metres drilled.

Samples from the Collerina project
Samples from the Collerina project

Collerina Cobalt Ltd (ASX:CLL) has received encouraging assay results from drilling at the Collerina Project in central New South Wales.

Notably, drill results from the C1 anomaly have confirmed the discovery of high-cobalt tenor nickel-cobalt laterite mineralisation beneath shallow cover, with results including:

• 32 metres at 0.26% cobalt, 0.52% nickel, 5.9% aluminium and 96 ppm scandium, including 6 metres at 0.69% cobalt, 0.73% nickel, 9.5% aluminium and 93 ppm scandium; and

• 11 metres at 0.27% cobalt, 0.54% nickel, 8% aluminium and 248ppm scandium.

READ: Collerina Cobalt to get drill bit spinning at high-priority cobalt targets

The Collerina Project is located about 40 kilometres south of Nyngan within the world-class Lachlan Fold Belt.

The company is currently progressing a pre-feasibility study on the Homeville nickel-cobalt-high purity alumina (HPA) deposit.

Collerina’s recent drilling was designed as a series of reconnaissance drill traverses to test a structural zone located about 10 kilometres north of the Homeville deposit.

The program consisted of 42 vertical aircore holes for a total of 1,668 metres drilled.

Mineralisation remains open in all directions

Drilling over the C1 anomaly identified an ultramafic zone, with deep, well-developed laterite profiles on the northern and southern ends of the drill traverse.

Assay results have confirmed high-tenor cobalt mineralisation within the laterite profile that remain open to the north, east and west.

Quick facts: Collerina Cobalt Ltd

Price: 0 0

Market: ASX
Market Cap: £0.00

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Shekel Brainweigh progresses Hitachi Europe R&D and...

Shekel Brainweigh Ltd (ASX:SBW) country manager for Australia Danny Nadri updates Proactive on progress with its signed Hitachi Europe R&D and commercial collaboration agreement.  The automation joint development and marketing agreement is for first-of-its-kind autonomous retail...

2 days, 18 hours ago

2 min read