viewCape Lambert Resources Ltd

Cape Lambert completes 157 drill holes at cobalt and copper projects

Chairman Tony Sage recently visited Korea to meet with users of battery minerals.

drilling activities
Drilling at Kipushi is ongoing while the Kitwe drill program is complete

Cape Lambert Resources Ltd (ASX:CFE) has drilled a total of 157 holes across two important drilling programs at its two projects in Africa.

43 holes have been completed in the ongoing program at the Kipushi Cobalt-Copper Tailings Project in the Democratic Republic of Congo.

At the Kitwe Tailings Project in Zambia, the 114-hole aircore drill program is complete with the samples ready to be despatched to the lab for assay.

Drilling results will be used to establish JORC-compliant resources at both projects and for negotiations with strategic partners and off-takers.

READ: Cape Lambert Resources director shows faith in battery metals strategy with on-market purchases

READ: Cape Lambert Resources commences important drilling programs

Cape Lambert’s chairman Tony Sage recently visited Korea to meet battery mineral users such as POSCO (KRX:005490), LG and Samsung as well as other smaller users.

He noted that demand for battery minerals in Korea is high driven by the perceived risk of market domination by the Chinese similar to the rare earths market.

As a result, Korean companies are seeking direct supply options for their desired battery minerals.

Quick facts: Cape Lambert Resources Ltd

Price: 0.006 AUD

Market: ASX
Market Cap: $6.7 m

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Cape Lambert Resources posts maiden JORC resource for Kipushi Cobalt-Copper...

Cape Lambert Resources Ltd (ASX:CFE) executive director Tony Sage updates Proactive Investors on the company's maiden JORC-compliant resource for its Kipushi Tailings Project in the Democratic Republic of Congo.   Sage says the maiden resource "validates" the company's entry into...

on 8/5/19

2 min read