lest we forget

RIVA RESOURCES
ASX: RIR / Shares on Issue: 2.8 billion / Market Cap: $30.8 million
Presenter: David Berrie, Managing Director
Cobalt prices have soared to over US$80,000/t on surging demand from the lithium-ion battery sector and a growing supply deficit, with some analysts saying the price could hit US$100,000/t this year.
The hunt is well and truly on for ASX-listed companies with credible exposure to this high-value metal. Against this backdrop, Riva Resources has just completed the transformational acquisition of the Hylea Cobalt Project in central-west NSW.
Hylea is located in a rapidly emerging cobalt-scandium-nickel province, with neighbouring projects including the Sunrise/Syerston (CleanTeq), Flemington (Australian Mines), Owendale (Platina Resources), and Nyngan (Scandium International Mining Corp) laterite cobalt-nickel-scandium-platinum Resources.
Riva has recently appointed experienced mining executive David Berrie as Managing Director to spearhead its exploration campaign within this highly competitive, tightly held and rapidly advancing region.
An extensive drilling program is scheduled to commence shortly to both in-fill and expand the current cobalt and scandium mineralisation at the key Tigers Creek prospect, where historical exploration has returned high-grade near surface intersections over an area of approximately 1km x 0.5km.