STTCOMP AOA, FA LONG
Ausmon Resources - an Australian exploration company which aims to grow by acquiring interests in prospective precious and base metals, energy related resources and other minerals tenements.
MC $2.2m
Cash $473,000 at end of December 2017
As per ASX announcement this afternoon:
AUSMON INVESTS IN EMERGING AUSTRALIAN COBALT MINING REGIONS IN NSW AND QLD
HIGHLIGHTS
Approximately 628 km2 of prospective cobalt ground across NSW and QLD to be acquired.
Close proximity to Thackaringa Cobalt Project (EL6622, near Broken Hill in NSW) where Cobalt Blue Holdings Ltd has announced a major cobalt resource upgrade as well as partnership with multinational conglomerate LG International (see ASX:COB announcements).
20 kms from Sconi Project in QLD, considered as one of the most advanced cobalt projects in Australia operated by Australian Mines Limited (see ASX:AUZ announcements).
32 kms strike of potential host rock of Cobalt Nickel Laterite east of Mt. Cobalt in QLD operated by Aus Tin Mining Ltd (see ASX:ANW announcements).