Hylea tracking cobalt find at Tiger's Creek
The project, located up the road from Clean TeQ's Sunrise, Australian Mines' Flemington and Platina's Owendale, has returned a string of drill assays grading 0.1-0.17% cobalt (plus the other elements), over…
From the Energy Metal News archive. This article dates from Jul 9, 2018 and is preserved as first published.
The project, located up the road from Clean TeQ’s Sunrise, Australian Mines’ Flemington and Platina’s Owendale, has returned a string of drill assays grading 0.1-0.17% cobalt (plus the other elements), over widths of 7-15m from near surface.
The drilling also had success 1.5km from Tiger’s Creek with 5m grading 0.13% cobalt (plus nickel and platinum).
Hylea is estimated to have cash of about A$1.3 million.
The company was previously named Riva Resources.
It appointed David Berrie as its MD back in February, with Berrie having a background featuring Paladin and BHP/WMC.
Shares in Hylea were up 12.5% to 0.9c in morning trade, capitalising the company at $17 million.
The stock is up from levels around 0.3c 12 months ago.
