MEI on-boards cobalt expert to drive Canadian project

Published at Jan 17, 2018, in Small Caps

Canadian metals explorer Meteoric Resources NL (ASX:MEI) today announced the appointment of Tony Cormack to its team, as Cobalt Project Manager. The company intends the role to drive the exploration and development of its prospective cobalt projects in Canada.

Cormack’s most recent appointment was as Chief Operating Officer of Battery Mineral Resources Limited where he managed the cobalt exploration adjacent to MEI’s Ontario tenure. BMR’s Iron Mask asset has a historical six-ton bulk sample graded 15 per cent cobalt and surface rock chip assays graded up to 21.3 per cent cobalt.

MEI’s flagship cobalt project sits directly adjacent, with the potential for the mineralised trend and late stage sheer structure at Iron Mask (high grade cobalt, gold, nickel and copper) having been interpreted as potentially extending through MEI’s landholdings.

That said, it is early stages here and investors should seek professional financial advice if considering this stock for their portfolio.

As Cobalt Project Manager, Cormack will be assisting in the preparation of an exploration program over the entire mineralised trend, set to occur in Q2CY18. Following this, the company intends to undertake a maiden diamond drilling program.

MEI is confident in its latest appointment, thanks to Cormack’s 20 years’ of mine and exploration geology experience. This experience involved a broad range of commodities including nickel, copper, cobalt, gold, tantalum, graphite and iron.

Further, Cormack has a proven track record of taking exploration projects through to production, having held senior positions with BHP Billiton, Aztec Resources, Atlas Iron Limited and Hexagon Resources Limited.

Andrew Tunks, MEI’s new Managing Director, stated: “The appointment of Mr Tony Cormack is an absolute coup for us and acquiring his services was my first priority to get the ball rolling on our drive to become a major player in the cobalt space. Tony has direct experience in our exploration area and together we will drive the exploration and development of the company’s first class cobalt assets while actively pursuing new opportunities in the space.

“Meteoric has great projects, exploration is fully funded, and it has now assembled a first‐class professional team to advance its projects. The Company is extremely well placed to take full advantage of the positive market dynamics and add significant value for its shareholders.”

Tony Cormack also commented on the appointment: “The Meteoric team have done a fantastic job of accumulating such highly prospective cobalt prospects in the world class mining jurisdiction of Ontario in Canada.

“Having walked Meteoric’s adjacent cobalt ground, I believe it has the potential to host a large part of the Iron Mask enriched cobalt system and am very excited to be a part of MEI.”

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