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TYX 22 March 2018 TYRANNA TO ACQUIRE HIGH GRADE COBALT-BASE...

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    TYX

    22 March 2018

    TYRANNA TO ACQUIRE HIGH GRADE COBALT-BASE METALS
    PROJECT IN THE USA

    Highlights
     Agreement to acquire 100% interest in high grade Cobalt–Base Metals Project in USA
     Project located in stable mining friendly state of Nevada, 700kms from Tesla’s
    Gigafactory
     In the early 1920’s approximately 20 tons of cobalt rich ore was shipped from 4
    separate copper mines to processing facilities. These shipments assayed between 6%
    and 29% cobalt1
     Mining identity Mr Klaus Eckhof appointed as Strategic Advisor to Tyranna
     Tyranna is well funded ($8 million cash & investments) to progress high impact
    exploration program to commence immediately on settlement of acquisition
     Project area surrounds ASX listed Longford Resources’ (ASX: LFR) (market
    capitalisation of $42m) claims to the north & south
     No modern exploration techniques applied to project area
     Results pending from stream sediment & rock chip sampling program completed by
    vendor
     Mr Greg Smith (Geologist - 40 years’ experience) – previous exploration manager for
    Moto Goldmines appointed as Exploration Consultant to head up Goodsprings
    Cobalt-Base Metals Project
     Anticipated growth in electric vehicles (EV’s) underpins recent surge in Cobalt price
    to US$88,000/ton – a 280% increase over 2 years.
 
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