Comet Resources enhances copper exposure by completing acquisition of Northern Territory projects
With copper prices touching records highs, the company believes it is a great time to add to its portfolio with advanced and early-stage copper projects with gold and base metals as well. Analysts believe copper prices will continue to strengthen due to increased global demand.
Comet Resources Limited (ASX:CRL) has finalised due diligence and completed the acquisition of a portfolio of highly prospective copper assets from Bath Resources Pty Ltd in Australia’s Northern Territory, with added gold-zinc-silver-lead.
Assets included in the acquisition are Oonagalabi Copper-Zinc Project, Paradise Well Copper-Gold Prospect and Silver Valley Copper-Gold-Silver-Lead Prospect.
Comet Resources Limited is pleased to announce that the drilling permit for the Santa Teresa Gold Project has now been received from the Environmental Impact and Risk department of the Baja California Sub-Delegation for Environmental Protection and Natural Resources.
Highlights:
Details of initial drill program being finalised by in country team and consultant geologists
Drilling expected to commence in late Q2
Comet Resources Limited (
Company) (
ASX:CRL) is pleased to announce that the drilling permit for the Santa Teresa Gold Project (the “Project”) has now been received from the Environmental Impact and Risk department of the Baja California Sub-Delegation for Environmental Protection and Natural Resources. This significant milestone for the Company paves the way for the commencement of diamond drilling at the Project. Comet is now finalising the details of its proposed Santa Teresa drilling program and engaging a drilling contractor to perform the works, with the aim t
Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 March 2021.
Highlights:
• Acquisition of highly prospective copper-gold projects in Northern Territory
• Completion of soil geochemical sampling and commencement of airborne geophysics at the Barraba Copper Project
• Advancing pre-drilling exploration activities and permitting at the Santa Teresa Gold Project
Post Quarter End:
• Graphite metallurgical test work update
Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 March 2021 (the Quarter). During the Quarter the Company announced the acquisition of a suite of copper-gold projects in the Northern Territory and completed a placement of $1,000,000 of shares to new strategic investors. The Company also progressed work programs on its Barraba Copper Project and the Santa T
S&P/ASX 200 slips as iron ore price hits 10-year high
Tesla reported a record net income of US$438 million for the first quarter. Revenue surged to US$10.39 billion, up 74% from a year ago. Iron ore price has set a record after surpassing its 2011 high of US$188 per tonne.
S&P/ASX 200 (INDEXASX:XJO) slipped 0.36% to 7020 points by 1.10 pm even as iron ore prices hit a decade high of more than US$190 per tonne overnight.
While the broader market was trading lower, iron ore miners Rio Tinto (ASX:RIO) (+0.19%), BHP Group (ASX:BHP) (+0.62%) and Fortescue Metals (ASX:FMG) (+1.06%) were all higher.