Daytrading April 24 pre-market, page-4

CXB

Highlights •
Future lithium direction of Cobre outlined
• Technology provides access to the “forgotten resource”
• Lithium micas available in large, accessible deposits
• Technology licences provide Cobre first mover advantage
• Technical success demonstrates robust process
• Cobre emphasises the importance of commercial partnerships including: o Strategic Metallurgy  – processing technology o European Metals (ASX:EMH) – Cinovec Li Project (Czech Republic) o Pilbara Minerals (ASXLS) – Pilgangoora Li Project (WA) o Focus Minerals (ASX:FML) - Coolgardie Venture (WA) o Tungsten Mining (ASX:TGN) – Seabrook Venture (WA) o SciAps – Laser assaying technology

Highlights •
Cobre completes acquisition of lithium and rare metal pegmatites project at Ravensthorpe •
Bulk samples taken from the project’s Quarry Pegmatite •
Metallurgical test work commenced •
Ravensthorpe is the 5th lithium project for Cobre in WA

Lithium developer, Cobre Montana (ASX: CXB) is pleased to announce that the Company has completed all legal requirements with respect to acquiring lithium prospective Exploration Licence 74/0543 near Ravensthorpe in southern WA.
It will be the Company’s fifth lithium investment in that State including interests in world major lithium projects south of Perth.
The new tenement is being acquired from Dempsey Minerals Limited, with title transfers now lodged with WA’s Department of Mines and Petroleum.
The licence area contains a significant proportion of the Cocanarup Pegmatite Field which hosts lithium and rare metals and forms part of a geological suite hosting the nearby Mt Cattlin lithium/tantalum project, owned by Galaxy Resources (ASX:GXY) and recently subject to an option to purchase by General Mining (ASX:GMM).
The Cocanarup pegmatites contain abundant lithium minerals and have been the subject of past beryl production. Cobre’s focus is lithium micas contained within the pegmatites, which it will evaluate as part of the Company’s strategy to commercialise the production of lithium from micas.
Cobre is hopeful of repeating at Ravensthorpe, its recent success in extracting lithium from micas at Lepidolite Hill near Coolgardie in Western Australia and the Cinovec project in the Czech Republic where Cobre has partnered with Focus Minerals (ASX:FML) and European Metals (ASX:EMH) respectively. The Ravensthorpe material selected for processing test work has similar mineralogy to Cinovec which achieved very high lithium float recoveries (98%) and leach extractions of 99.5%