Extension of 307Mt @ 1.3% Ni, 0.13% Co Deposit

Hi All,

As @BG9106, I am also thinking that CTM is ready for launch and that a huge week is ahead of us and a start of a nice run.

I thought I'd put together a bit of a summary of info released through recent announcements as well as some excellent additional information as posted on HC by other posters (please add anything that I've missed/haven't had time to include).

Current numbers:





The Company has a few Company-making projects but the one that they're currently very aggressive with is the Itapitanga Nickel-Cobalt project.

Itapitanga is 10km along southern extent of Anglo American’s world‐class Jacaré Ni‐Co Project which has a Mineral Resource of 307Mt at 1.3% Ni and 0.13% Co that includes a high‐ grade cobalt resource of 185Mt at 1.2% Ni and 0.18% Co. In between Anglo’s Jacare and CTM’s Itapitanga are Vale’s unpublished Nickel-Cobalt deposits – ALL have the same Nickel-Cobalt mineralisation as confirmed by CTM geo’s.








Since acquiring Itapitanga in February 2018 (less than 3 months ago) the Company has pushed it very aggressively and has already received the following results from Auger drilling:









Things to note as highlighted:
- Results are only from first pass Auger drilling and have come back as outstanding
- Auger drill hole depth only goes down to about 5-8m depth (maximum 12m depth)
- 29 out of 33 holes intersected mineralisation from surface to end of hole


News due now:
- Start of RC drilling
- Auger drilling results from Southern Target


For those that haven't seen CMT posts from @OldGeo - search them up and you'll be pleasantly surprised.

Here's a snippet of posts from @OldGeo
















Here’s also a recent short video interview (2mins) with the CTM Managing Director:

https://www.brrmedia.co.uk/broadcasts/5a83225fcb5fd9447f49e28a/event

In the interview he seems pretty confident on the project/results:

“Very early stage so we’ve gotta go out and do the drill work but with that work we think we’ll be able to find a quite nice deposit and do that relatively inexpensively, simply because of the material ‘in theory’ being very close to the surface”.

If everything goes according to plan and the early indications; this will be a Company-making drill/project.

In saying that, Itapitanga is the Company's second-best project and the other Beast that will be unleashed/drilled after they're done with Itapitanga Nickel-Cobalt project is the Salobo West Copper-Gold project next to Vale's giant 1.2Bt Salobo Copper-Gold deposit (second-biggest IOCG deposit in the world), 12km away/along strike:














So one Company-making drill/project followed up by another!

Cheers,

GB.