agreement to acquire a 100% interest in a 29sq/km of exploration permits
Project lies immediately adjacent to the historic high-grade cobalt producing precinct
Area once produced cobalt with an average ore grade of 7.3% (more than double of DRC’s current 3%)
incorporates the Cobaltera West copper/cobalt processing plant together with significant tailings dumps
Robert Jewson consulting (MD at European Cobalt Ltd ASX:EUC)
1c placement was arranged by Chieftain securities (same corp adviser to EQU/CO1’s vend deal at 2cps which ran to 20cps
Company has already commenced a preliminary exploration
program includes reconnaissance mapping with priority targets including veins and other mineralised structures subjected to rock chip sampling = newsflow
