Cobre Montana NL (ASX: CXB) – $0.041 (-5%)
27 Jan 2015
Cobre Montana NL (ASX: CXB) has lodged an Exploration Licence for an area contiguous with one of Australia’s largest lithium mines, Greenbushes located 200km south of Perth in Western Australia (Figure 1).
Figure 1. Location of Exploration Licence Application
The Exploration Licence extends 50km from Donnybrook to Bridgetown along the structural corridor that hosts the Greenbushes Deposit. The application ground covers pegmatite swarms at Brookhamption, Kirup (Mullalyip), Koala Road and Greenbushes South where production for tin and tantalum commenced in 1881. Extensive drilling from 1977 to 1980 identified the lithium resource.
For further information, visit www.cobremontana.com.au
Resources Stocks to Watch (RSTW) is the leader in research on ASX micro to small-cap mining stocks and commodities. We are independent and therefore not sponsored by the mining industry so we tell it like it is. Our research is written by experienced geologists and resources analysts, the experts in the field.