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CBE - Cobre Limited

Discussion in 'Stocks 0-H' started by System, Dec 31, 2019.

  1. System

    System Administrator

    Likes Received:
    Jun 27, 2010
    Cobre Limited is an Australian based and focused exploration company seeking to create shareholder value through the successful exploration of base metal projects. Advancement of the Company’s recent high grade copper and zinc Volcanogenic Massive Sulphide (VMS) results at the Perrinvale Project, which is located between Menzies and Sandstone in Western Australia, is the Company's initial priority.

    Cobre has secured a cornerstone investment from AIM-listed Metal Tiger (LON: MTR) for a minimum of $2,000,000, following a technical due diligence process which was conducted by Metal Tiger in respect of the Perrinvale Project. It is expected that Metal Tiger will hold between 17.92% and 19.99% of the total Shares on issue upon Admission.

    In addition to the Perrinvale Project, Cobre has secured an earn-in joint venture opportunity in the Sandiman Tenement, located in the Upper Gascoyne region of Western Australia, which, based on preliminary results, may have potential sediment hosted and VMS base metal deposits. The Company's intended systematic approach towards exploration activities and unlocking potential deposits will be the Company's focus moving forward.

    It is anticipated that CBE will list on the ASX during January 2020.

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