STTCOMP EUC, FA Long (ASX: EUROPEAN COBALT LTD: EUC) SP: 28.5c...

STTCOMP EUC, FA Long

(ASX: EUROPEAN COBALT LTD: EUC)
SP: 28.5c
MC: $180Million
Cash: $2.478Million
Shares: 660,900,000
Website: www.europeancobalt.com

European Cobalt Limited, formerly Western Mining Network Limited, is engaged in the acquisition and exploration, and evaluation of resource-based projects. The Company has 3 main projects:

1. DOBSINA – (Co-Ni-Cu), Slovakia : High grade Co-Ni-Cu sulphide mine and European Cobalt Ltds flagship and exploration and development asset.
2. JOUHINEVA – (Co-CU-Au-Ag), Finland High grade cobalt-copper gold-silver mineralisation delineated from surface to >300m via 119 diamond drill holes for 14,000 of drilling.
3. KOLBA – (Co-Cu-Ni-), Slovakia Historical Co-Ni-Cu sulphide mine, high grade C0-Ni mineralisation identified.

Recent news is acting as a price catalyst:
Significantly increased landholding surrounding Dobsina
Strike length expanded through increased landholding from 3km to >26km
Established Development Alliance with GBF Group
Commenced intensive field based exploration at Dobsina
Completed 100% Acquisition of Jouhineva Cobalt-Copper-Gold Project
Acquired Kolba Cobalt-Nickel-Copper Project via Direct Licence Application
Reported significant rock chip sampling results at Kolba including:
17K003: 0.68% Co & 6.75% Ni
17K002: 0.51% Co & 5.02% Ni
17K001: 0.66% Co, 3.73% Ni & 2.04% Cu

Please DYOR as this is not a buy or sell recommendation
Cheers
GF