- Torrens defines a 43mt ‘stand out’ resource at Emmie Bluff
- Variscan hits new zones of high-grade zinc in northern Spain
- Navarre Minerals reveals ‘exceptional’ drilling results at Crush Creek Gold Project
Here are the biggest small cap winners in early trade Monday, December 20.
TORRENS MINING (ASX:TRN)
TRN owns 30% of a joint venture with Coda Minerals (ASX:COD) at the Elizabeth Creek Project in South Australia, where the two companies have reported a mineral resource estimate for the “Zambian-style” Emmie Bluff Copper-Cobalt deposit.
Emmie Bluff forms part of a suite of Zambian-style copper-cobalt and IOCG copper-gold deposits at Elizabeth Creek, where Torrens holds a 30% interest.
A standout combined indicated and inferred mineral resource of 43Mt at 1.3% copper, 470ppm cobalt, 11 g/t silver, and 0.15% zinc has been reported at a cut-off grade of 1% copper equivalent.
Coda’s CEO Chis Stevens said: “This is an exceptional result for shareholders.
“Coda listed on the ASX in October last year with two clear objectives – to progress the Zambian-style Emmie Bluff copper-cobalt mineralisation towards a maiden mineral resource and to explore the deeper IOCG prospects for potential Tier-1 scale discoveries.
“In just over a year since listing, we have delivered on both objectives in spades.”
The ~$12m market cap company is up 9.37% in the past month and had $5.4m in the bank at the end of October.
