Completion of Acquisition of Highly Prospective Copper Projects in Northern Territory
Comet Resources Ltd is pleased to advise that it has now finalised its due diligence and has completed the acquisition of a portfolio of highly prospective copper-gold-zinc-silver-lead assets in the Northern Territory of Australia from Bath Resources Pty Ltd.
Highlights:
Agreement to acquire a portfolio of copper-gold and base metals assets in Australia’s Northern Territory now completed
Assets include: Oonagalabi Copper-Zinc Project, Paradise Well Copper-Gold Prospect and the Silver Valley Copper-Gold-Silver-Lead Prospect, which combined cover approximately 840 km
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Oonagalabi best intersections from historical drilling include 36.6m at 1.0% copper and 1.7% zinc from 1.5m, 5m @ 1.26% copper and 1.22% zinc from 70m, 6m at 0.9% copper from 102m and 14m at 0.7% copper from 148m
S&P/ASX 200 surges past 7100 to its highest level in 14 months as iron ore hits record
Companies
13:13 Mon 10 May 2021
S&P/ASX 200 surges past 7100 to its highest level in 14 months as iron ore hits record
Fortescue Metals, BHP Group and Rio Tinto have gained between 2.7% to 6% as iron ore futures in Singapore jumped more than 10% to hit a fresh record high of US$226 a tonne. Crown Resorts has received a takeover offer from rival The Star Entertainment Group.
S&P/ASX 200 (INDEXASX:XJO) jumped 1.2% to a session high of 7166.1 points by noon as the mining giants soared on record commodity prices.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Proactive news headlines including Brookside Energy, Rimfire Pacific Mining, Kingston Resources .
Proactive InvestorsMay 10, 2021 GMT
Sydney, May 10, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:
Brookside Energy Ltd (ASX:BRK) (OTCMKTS:RDFEF) has passed a major milestone with Jewell Well in the SWISH Area of Interest (AOI) of Oklahoma’s world-class Anadarko Basin successfully spudded on the evening of May 8, 2021, by Latshaw Rig 14 after completion of rig-up and equipment testing. Click here
2021-05-06 by Proactive Australia
Comet Resources Ltd (ASX:CRL) has multiple potential price catalysts set to take place over the next six months for its multi-commodity portfolio across a range of geographies including Mexico and Australia.
Most focus will be on the company s copper and gold assets as it increasing its exposure to these high-value metals.
At the RIU Sydney Resources Round-up conference, the company discussed upcoming work programs at the Barraba Copper Project in northern NSW, the Santa Teresa Gold Project in Mexico s Baja California, the Springdale Graphite Project in southern Western Australia and its Northern Territory copper-gold project.
Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia.
Highlights:
Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
Final test results expected in Q3 2021.
Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passi