In early December, Winmar Resources edged into the cobalt space after executing an agreement to hooking three bocks with mining claims across 2,240 of cobalt prospective land in Ontario, Canada.
According to Winmar, Ontario’s Gowganda mining district is one of the most cobalt and silver prospective regions outside of the DRC.
The claims are close to high-grade silver and cobalt deposits that had been historically mined for their silver contact between 1910 and 1989.
By the end of 1969, an estimated 60.2 million ounces of silver and 1.3 million pounds of cobalt had been extracted from the area.
Reviews of historic grab samples from the Boom Lake block returned cobalt grading up to 0.9%
As part of the acquisition, Winmar had until 22 December to complete due diligence and a 12-month option period to purchase the United Reef and Calcite Lake blocks. https://*********.com.au/cobalt-stocks-asx-ultimate-guide/
WFE Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
