XAO 1.04% 7,999.2 all ordinaries

AOAAnother shell, very low market cap...….has approx 800k in the...

  1. 6,018 Posts.
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    AOA


    Another shell, very low market cap...….has approx 800k in the bank. Cobalt play with neighbours in COB in Stirling Vale and AUZ in QLD.


    Although the QLD licences haven't officially been granted due too native title this have since lapsed on all 4 sites and is only a matter of when.


    Currently has 5 licences, 3 next door too COB within 20 km's and current findings outside of the strije zone by 300 mtr have turned up positive results, grades to suggest a mine life is plausible.


    Once the QLD licences are granted they will have 9 in total and one would suggest a CR will be on the cards so they can aggressively commence their drilling programmes.


    Also to note they have hired a very experienced and well known Geo mid Sept who is currently performing ground work.


    Definitely one to watch for the future. Especially given it's extremely low market cap. Cobalt is also a play for the future with 30% of built vehicles to be EV by end of 2020...….

 
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