leadf
logo-loader
viewMeteoric Resources NL

Meteoric Resources commences drilling at cobalt site in Canada

Cobalt has gone from strength to strength, with the price more than doubling over the past year as the outlook for battery demand surges.

Australian company Meteoroic Resources (ASX:MEI) focuses on cobalt exploration in the mineral districts of Canada and has just announced it will commence drilling at its first project.

"We are in geologically what's called the Ontario cobalt district... so, it's had a lot of cobalt production in the past... this is a system of veins called the five element veins, they contain silver, cobalt, copper, nickel and gold" says Andrew Tunks the company's managing director.

The company has seven projects in the Ontario district and Mr Tunks says all of the sites have had production in the past.

Quick facts: Meteoric Resources NL

Price: 0.047 AUD

ASX:MEI
Market: ASX
Market Cap: $58.29 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

In exchange for publishing services rendered by the Company on behalf of Meteoric Resources NL named herein, including the promotion by the Company of Meteoric Resources NL in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Meteoric Resources' Andrew Tunks looks ahead to drill program at new Palm...

Meteoric Resources NL (ASX:MEI) (FRA:RNF) managing director Dr Andrew Tunks caught up with Proactive's Andrew Scott following the news they're to acquire the past-producing Palm Springs project in WA’s Kimberley region. Palm Springs is an advanced exploration play with past production,...

on 15/6/20

2 min read