High Grade Minerals’ Exploration Target suggests globally significant cobalt potential

Published at Apr 5, 2018, in Juniors

High Grade Metals Ltd (ASX:HGM) has delivered its initial Exploration Target for its flagship Nöckelberg Cobalt, Copper and Nickel Project in Austria.

The Exploration Target was supported by whole rock assay results, soil geochemical assessment and detailed geological modelling completed by HGM. It supports the company’s goal to explore for a globally significant cobalt deposit.

Nockelberg exploration target breakdown

The Nöckelberg Prospect sits within the broader Leogang Exploration Area which is located approximately three kilometres west of Leogang and 11 kilometres west of Saalfelden in the District of Zell am See, Federal State of Salzburg.

The Leogang Exploration Area comprises 30 Freischürfe and covers a total area of approximately 12 square kilometres, including the historical Nöckelberg and Leogang mine sites. Historically, cobalt, nickel, copper and silver have been mined at Leogang.

The proposed exploration program will acquire additional geochemical and geophysical data followed by drilling to test the Exploration Target presented. The drilling is planned to be spaced approximately 150m apart and is scheduled to be undertaken in the 2018 Austrian summer and is expected to be completed in the quarter ending 30 September 2018.

As with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

HGM Managing Director and CEO Torey Marshall said: “The material Exploration Target for Nockelberg supports our view that the company's portfolio presents a significant opportunity to participate in the European battery metals market, and will be tested with a comprehensive drilling program in 2018”.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Facebook
Twitter
LinkedIn