WC1 - West Cobar Metals

[System]

West Cobar Metals Limited (WC1) is a mineral exploration company with its projects located in and around the West Cobar district in New South Wales. It is seeking to fund its exploration for base metals (copper, lead and zinc) and gold located at its projects to define a base metals or gold deposit that can be profitably mined.

Since incorporation, the Company has acquired (via a share sale agreement) Bulla Park Metals Pty Ltd (Bulla Park), a base metals (copper, lead and zinc) and gold exploration entity with projects located in and around the West Cobar district. Bulla Park has identified four distinct projects at various stages of exploration comprising the Bulla Park Project, the Mount Jack Project, the Cawkers Well Project and the Nantilla Project within which:

• the Bulla Park Project contains a new copper (+ silver) discovery with encouraging drill intersections;
• the Mount Jack Project has copper-gold potential with strong geochemical and geophysical indications;
• the Cawkers Well Project contains gold mineralisation in drilling; and
• the Nantilla Project is a geophysical target for gold, copper and base metal mineralisation, (together, the Projects).

Following its IPO, the Company intends to use the funds raised to systematically explore its Projects. The Company has planned a proposed exploration program for the Bulla Park Project and Mount Jack Project and is defining its drill targets at the Cawkers Well Project and the Nantilla Project.

The Company will also implement a growth strategy by continuing to evaluate new project acquisition opportunities to maintain a pipeline of projects which complement the Company’s existing focus.

It is anticipated that WC1 will list on the ASX during October 2021.

West Cobar Metals - Exploring for Critical Minerals

Exploring for Critical Minerals Latest Share Price ASX : WC1 West Cobar Metals Limited is an exploration and development company focused on progressing the Salazar Critical Minerals Project and the Fraser Range Project in WA and exploring for copper & antimony in NSW. Latest Investor...

www.westcobarmetals.com.au

 

[Dona Ferentes]

Listing date	01 October 2021 11:30AM AEST ##
Company contact details	https://www.westcobarmetals.com.au/ Ph: 08 9481 0389
Principal Activities	Mineral exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	WC1
Capital to be Raised	$5,500,000
Expected offer close date	27 August 2021
Underwriter	Not underwritten. Xcel Capital Pty Ltd (Lead Manager)

 

[Dona Ferentes]

WC1 flush with success ... started trading today; opened at 24c and now changing hands for 23c

 

[frugal.rock]

WC1 flush with success

Such toilet humour... ?

 

[Dona Ferentes]

And last few days, .... Buyer put in a bid, eh?

 

[Dona Ferentes]

Judging by the recent Ann, the focus has changed. A likely name change if successful in their endeavours? Now a bit soggy at 11c. Quarterly not out yet.

 

[Dona Ferentes]

now 8c.

TH , now voluntary suspension pending an announcement regarding an update of the Mineral Resource Estimate for the Salazar Project.

 

[Dona Ferentes]

now 3c, $5million MC

exploration update:

Copper exploration in NSW - drilling expected to commence in August 2024
- 400m diamond hole planned to locate potentially higher grade feeder zone related to previously intersected (diamond hole 19CA002) mineralisation with 135m of 0.24% Cu (includes 33m of 0.47% Cu and 0.15% Sb)*
- Drilling 1 x mud rotary / diamond hole to test new gravity & magnetic high prospect 5km to N
▪ Copper, gold and carbonatite exploration in WA – progressing priority targets
- 4 x major geophysical targets in a highly prospective and unexplored terrane, with broadly similar geological setting to major discoveries such as Nova Bollinger and potential for IOCG mineralisation
▪ Excellent results from recent drilling at the Salazar Critical Mineral Project, near Esperance in WA
- 63 aircore holes totalling 2,217 meters drilled that support potential extensions of existing REE, TiO2 and Sc Inferred (JORC 2012) Mineral Resources at the Newmont deposit