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West Cobar Metals (ASX: $WC1) advances Salazar Critical Minerals Project

Update on progress at Salazar Critical Minerals Project


West Cobar Metals Limited (ASX: $WC1) is pleased to provide an update on the progress made during the Quarter ended 31 March 2024 at the company's flagship Salazar Critical Minerals Project in Western Australia, and its lithium and copper exploration activities in Australia and the USA.

Executive Commentary


West Cobar is focused on advancing the Newmont REE-TiO2-Scandium-Alumina deposit by developing feasible extraction process flowsheets for the key commodities through ongoing metallurgical testwork. The Exploration Targets for the Salazar Project were revised and increased. An Aircore drilling program, designed to increase the Salazar resource base and test for further scandium mineralization, will commence during Q2 2024.

Summary of Progress and Outlook


West Cobar Metals Limited (ASX: $WC1) continues to make significant progress at the Salazar Critical Minerals Project, with advancements in the development of extraction process flowsheets and the revision of Exploration Targets. The company's focus on advancing the Newmont REE-TiO2-Scandium-Alumina deposit demonstrates its commitment to maximizing the potential of the project. The planned Aircore drilling program in Q2 2024 reflects the company's proactive approach to expanding the resource base and exploring further scandium mineralization. With ongoing testwork and exploration activities, West Cobar is positioning itself for potential future developments and growth in the critical minerals sector.

WEST COBAR METALS LIMITED
WC1 | ASX | Materials
0.0330(+0%)
At close 05/07 (AEDT)
Market cap
$4.0M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.145
1YR Return
N / A

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