Let's not forget this little free carried Nickel/Gold/Cobalt %...

Let's not forget this little free carried Nickel/Gold/Cobalt %

ASX Announcement

29th January 2018

Restructure of the Sherlock Bay Nickel-Copper-Cobalt and Gold Project, Pilbara, Western Australia

Highlights:

•  Applications for forfeiture over Metals Australia’s 30% interest in two Sherlock Bay Extended exploration licenses settled
  
  
•  Metals Australia obtains an ongoing free carried interest in the two exploration licenses plus secures an ongoing free carried interest in a mining lease that contains a total mineral resource of 25.4 Mt @ 0.4% Ni for 100,000 tonnes of contained nickel metal
  
  
•  The three tenements have been recognised as having untested potential for conglomerate-hosted gold mineralisation on strategically located ground surrounded by tenements held by Novo Resources Corp and adjacent to Artemis Resources Ltd
  
  Cheers
  
  D