Marquee Adds Canadian Cobalt Expertise

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Published 15-MAR-2018 12:16 P.M.

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2 minute read

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Marquee Resources Limited (ASX:MQR) today announced it has appointed the highly experienced Mr Paul Sarjeant to its Canadian in-country management team as General Manager of North American operations.

For more than 25 years Sarjeant, P.Geo., has been involved in mineral exploration and development in North and South America and throughout Africa, Asia and Europe, and has now been involved in cobalt exploration for more than six years. He also spent over 13 years with Echo Bay Mines responsible for all project evaluations and has held several senior management positions in the junior resource sector since establishing his consulting practice.

Sarjeant’s primary responsibility at MQR will be the implementation of the upcoming exploration programme at the Werner Lake Cobalt project that’s located in Ontario, Canada, in which MQR has a newly acquired interest.

The Werner Lake project, which abuts First Cobalt Corporation’s (ASX:FCC) cobalt assets, will now be the focus of an aggressive exploration programme, designed to increase the existing Indicated Mineral Resource of 79,400 Tonnes at 0.43% cobalt, which remains open in all directions.

Overall this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.

Managing Director Comment Marquee Managing Director, Mr Charles Thomas, commented “We are pleased to welcome Mr Sarjeant to the Marquee team. There is a dearth of experienced base metals and cobalt technical experts in the market, and so for Marquee to attract someone of the calibre of Paul to the team is a significant coup.”

“Given the well documented future supply issues for cobalt and recent corporate activity in the sector ,we are very excited to now embark on the aggressive exploration program at Werner Lake, and are keen to rapidly unlock the significant potential of the deposit and regional surrounds.

The company expect Sarjeant’s appointment to be the first of many as it bolsters its management team ahead of a meaningful exploration programme at Werner Lake, as well as the ongoing progression of this asset and that of the company overall.

MQR is also currently eyeing a number high calibre candidates for the position of Chief Geologist and expects to make an appointment — and associated announcement — in the coming weeks.



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