From: ASX ANNOUNCEMENT 15 November 2017
HIGHLIGHTS
Acquisition of prospective lithium and cobalt project located in Northern Territory, Australia. Project includes 7 Exploration Licence Applications with historical rock chips up to
1,500ppm Li2O, 0.12% Co
Heavily over‐subscribed placement to raise $2.1m
Reconnaissance field work on lithium and cobalt prospects to commence later in November, with drilling in **on targeting zinc to commence early in 2018
Trek Metals Limited (ASX:TKM) is excited to announce that it has acquired 100% of Elm Resources Pty Ltd which owns seven applications in the Northern Territory that are highly prospective for Lithium and Cobalt. This acquisition provides Trek with significant exposure to strategic commodities for the mobile energy / battery market and is an adjunct to its strategy of the discovery of zinc and lead deposits both in Australia (Lawn Hill Project) and via its interest in the Kroussou Zinc‐Lead Project JV in **on. Trek sees this commodity mix as presenting opportunities in both base load energy storage (lead and zinc) and mobile energy storage (lithium and cobalt) as the renewables sector expands globally. Trek Managing Director Bradley Drabsch commented that “we are thrilled to be adding an excellent package of underexplored tenure into Trek’s portfolio. The emerging battery storage sector is proving its longevity and to have the opportunity to explore a project that has such promise is truly exciting”. “The project vendors are behind the recent highly successful N27 IPO and are keen to see further success with the Arunta Project”.
I am hoping for some juicy Lithium and Cobalt news soon. Zinc & Lead for base load energy storage(100% aquired Kroussou Zinc-Lead Project/ Lawn Hill Project) and Lithium & Cobalt for mobile energy storage(Arunta Lithium & Cobalt Project). Only a matter of time IMO
