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: 0.027 AUD

Market: ASX
Market Cap: $30.3 m

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...

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...



Full interview: Meteoric Resources hits high-grade gold in first hole at...

Meteoric Resources NL (ASX:MEI) managing director Andrew Tunks updates Proactive on receiving high-grade gold intersects from the first ever drill-hole at the company’s 100%-owned Novo Astro Gold Project in Brazil. The company will complete drilling at the Novo Astro and Juruena projects this...

on 18/12/19

2 min read