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COBRE MONTANA

ASX: CXB

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Know known as Lithium Australia NL (ASX: LIT)

Cobre Montana NL is aiming to control the greatest lithium resource base of any entity worldwide, producing battery-grade Li carbonate from Li micas, which is known as the ‘forgotten Li resource’.

Cobre has formed various strategic relationships critical to its ability to extract Li carbonate from Li micas on a commercial basis. Foremost among these relationships is the Company’s association with Perth-based Strategic Metallurgy Pty Ltd, which has led to development of the innovative process technology Cobre will use to achieve its goal. Strategic Metallurgy has granted the Company an exclusive licence to use its proprietary Li extraction process for up to 26 years within Western Australia and in two other nominated projects internationally.

Cobre’s access to technical support is further enhanced by its teaming with US-based SciAps, to implement practical field evaluation – using real-time laser technology – and assay for light elements such as Li.

To provide it with access to Li mica deposits, the Company has also entered into relationships with:

  • European Metals – Cinovec tin and Li project (Czech Republic)
  • Pilbara Minerals – Pilgangoora Li and tantalum project (Western Australia)
  • Focus Minerals – Coolgardie Rare Metals Venture {Western Australia}
  • Tungsten Mining – Seabrook Rare Metals Venture (Western Australia)

Cobre has applied for extensive tracts of ground surrounding Talison Lithium’s Greenbushes pegmatite mine in Western Australia. Talison’s mine, source of the world’s highest-grade Li, currently supplies more than 30% of global Li requirements and 75% of Chinese demand.

Cobre’s activities are set to accelerate, with test work at Cinovec and Pilgangoora, geological reconnaissance at Ravensthorpe and Seabrook and preparatory work for drilling at Coolgardie already on track.

Mine For

Lithium

Location of operation(s)

Czech Republic, Western Australia

Address

Suite 3, 23 Belgravia Street
BELMONT, WA, Australia

Phone

+61 8 6145 0288

Email

Website


Last Updated

4/6/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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