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Delecta Limited MD outlines attraction of Highline Copper-Cobalt Project

Delecta Limited (ASX:DLC) managing director Malcolm Day tells Proactive Investors that due diligence works on the Highline Copper-Cobalt Project in the Goodsprings district of Nevada, USA, are progressing well. The company is currently utilising a 90-day option period to complete a geological review, and is looking to complete acquisition of the project next month.

Neighbours Tyranna Resources (ASX:TYX) and New World Cobalt (ASX:NWC) will be drilling their projects in Q1 of 2019, and assay results from those campaigns will be analysed to help Delecta with targeting for a drilling campaign.

Day highlights the "quite extraordinary historical results from the Highline Mine," reminding that modern exploration techniques are yet to be applied.

Quick facts: Delecta Ltd

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ASX:DLC
Market: ASX
Market Cap: $3.48 m
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