Comet Resources Ltd
Comet Resources Ltd (ASX:CRL) is listed on the Australian Securities Exchange.
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Comet Resources expects exploration-based news flow shortly
Comet Resources Ltd (ASX:CRL) continues to focus on advancing its high-grade Springdale Graphite Project in Western Australia to the next stage of development.
The company's most recent exploration update came in early September after it had completed an aerial electromagnetic survey (EM) designed to target shallow, high-grade graphite mineralisation at Springdale.
While the EM survey was complete, drilling a metallurgical test work program remained underway and are expected to provide near-term news flow.
Letter to shareholders
In a letter to shareholders dated 29 September 2019, Comet's chairman Hamish Halliday said: "During the year, the company initiated key changes to strengthen the board and management team to advance the company's strategy.
"We welcomed Alexander Molyneux and David Prentice to the board as non-executive directors, and Philippa Leggat as chief executive officer."
Maiden resource in December 2018
Halliday added: "A maiden Inferred Resource of 15.6Mt at 6.0% TGC, including a high-grade component of 2.6Mt @ 17.5% TGC was released for Springdale (ASX Dec 2018).
"This was followed by the discovery of two new high-grade zones of graphite outside the existing resource.
Other Comet Resources Ltd news
- Comet Resources progresses due diligence for proposed Santa Teresa Gold Project acquisition
2020-07-02 - Comet Resources capital raising reaffirms support for Barraba Copper Project acquisition
2020-04-16 - Comet Resources halted with capital raising announcement pending
2020-04-09 - Comet Resources enters trading halt ahead of capital raising
2019-06-21 - Comet Resources appoints experienced industry executive Philippa Leggat as CEO
2019-05-01
