Ann: Cobalt Exploration Accelerated at Kyarra, page-22

Cobalt is becoming a very hot commodity.

Given many are watching RIR (formerly Dragon Energy) at the moment, I thought this relevant to note....Particularly seeing that we border them on the Eastern side of E 53/1894.

From RIR's announcement on 24/02/17 :



Notice, as per figure 2, that the mineralisation runs into our Eastern tenement, with serious reported intersections of 80M @ 0.77% Co and 30M @ 0.3% Co.

Factor in the other results throughout the basin, and this area is very much looking to host a major cobalt discovery IMO.
MCT definately has an excellent position/land holding in the area.

Interesting to note that after the heavily oversubscribed placement, RIR's MC is around $21M, with their Tabac project being their single major project.
MCT is sitting at around a $29M MC, and also has a potentially world class Zinc resource with a PFS currently underway (and a big player very interested)..... plus significant lithium tenaments.

It definately feels like we are severely undervalued when you do peer comparisons and add the projects we have.
We just need to prove up what we have and be patient IMO..... Once selling drys up from what appears to be the Kagara administrators.... there's only one direction from there (Up IMO ).

Cheyne