C7A 0.00% 0.9¢ clara resources australia ltd

Ann: Further High Grade Cobalt Results from Mt Cobalt, page-13

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  1. 2,178 Posts.
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    ok so we have found further small pockets of very high grade Cobalt. So far small quantities but I do note the commentary that they have initiated magnetic survey and further drilling to the South to test towards a previously undisclosed tunnel #2 and #3. Stipulation here is that this could extend the amount of resource deposit by another 200m length while maintaining 28m width. At depth, there appears to be further deposits as all drills ended in unterminated Co ore.

    With further drilling this could turn out to be significant.

    I also note that the fact we have asbolite is very very good. Means we can extract and refine cheaply to produce marketable product.
 
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