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Fe Limited confirms high-grade cobalt in trenching at flagship Kasombo project

A targeted drilling program is planned to further investigate previous copper results and to follow up on new cobalt results.

cobalt
Results of up to 12 metres at 0.23% cobalt have been returned from Kasombo

Fe Limited (ASX:FEL) has received broad high-grade cobalt results from trenching at the Kasombo Copper-Cobalt Project in the Democratic Republic of Congo.

Sampling was completed from seven trenches for a total of 598 metres and 273 channel samples across the mineralised strata of cobalt-rich Kasombo 7.

 

FEL chairman Tony Sage said: “We are very excited by these results and will now plan a targeted drilling program on both Kasombo 5 and Kasombo 7 to further investigate the size of the great copper results and follow up on the good cobalt results.”

Notably, good cobalt assays were returned from trenches, including:
• 10 metres at 0.21% cobalt between 42 and 50 metres; and
• 12 metres at 0.23% cobalt between 17 and 26 metres.

Trenches completed at the Kasombo project

The channel samples returned good cobalt grades from two trenches at the expected targeted stratigraphic sequence.

The 600-hectare Kasombo project comprises three mineralised areas, Kasombo 5, 6 and 7, within two granted mining licences, which are held by La Generale Des Carrieres Et Des Mines S.A.

Kasombo location map

READ: Fe Limited leveraged to increased involvement by Sandfire in Bryah Basin

In Western Australia's Bryah Basin, Fe Limited looks set to benefit from increased activity by Sandfire Resources NL (ASX:SFR), through its various joint ventures in the area.

Sandfire has stepped up its involvement in the prolific basin by purchasing the farm-in rights held by Independence Group NL (ASX:IGO) in the Bryah Basin Project.

The agreement covers tenements that are 100% held by Alchemy Resources Limited (ASX:ALY) as well as those held 80% by Alchemy and 20% by Fe Limited subsidiary Jackson Minerals Pty Ltd.

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Market Cap: $6.93 m
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