New Risk • Dec 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Market cap is less than US$10m (AU$12.9m market cap, or US$8.55m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Anuncio • Dec 09
Koba Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.35 million. Koba Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing Anuncio • Oct 28
Koba Resources Limited, Annual General Meeting, Nov 27, 2025 Koba Resources Limited, Annual General Meeting, Nov 27, 2025. Location: ground floor, 215 hay street, subiaco, wa 6008, Australia Anuncio • Oct 07
Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.35 million. Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (AU$10.7m market cap, or US$7.06m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Jul 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (AU$6.19m market cap, or US$4.06m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Anuncio • Jun 21
Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million. Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 188,679,246
Price\Range: AUD 0.053
Transaction Features: Subsequent Direct Listing Anuncio • Jun 16
Koba Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.6 million. Koba Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,666,661
Price\Range: AUD 0.036
Discount Per Security: AUD 0.00216
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Dec 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (AU$10.0m market cap, or US$6.40m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Anuncio • Sep 23
Koba Resources Limited, Annual General Meeting, Nov 21, 2024 Koba Resources Limited, Annual General Meeting, Nov 21, 2024. New Risk • Sep 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (AU$13.7m market cap, or US$9.14m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.30m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (AU$14.3m market cap, or US$9.30m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • May 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (AU$15.0m market cap, or US$9.91m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Anuncio • Apr 25
Koba Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 20.416428 million. Koba Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 20.416428 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 567,123,010
Price\Range: AUD 0.036
Discount Per Security: AUD 0.00216
Transaction Features: Subsequent Direct Listing Anuncio • Apr 16
Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 20.416428 million. Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 20.416428 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 567,123,010
Price\Range: AUD 0.036
Discount Per Security: AUD 0.00216
Transaction Features: Subsequent Direct Listing New Risk • Feb 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$20.9m market cap, or US$13.6m). Anuncio • Jan 23
Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.112 million. Koba Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.112 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,400,000
Price\Range: AUD 0.08
Transaction Features: Subsequent Direct Listing Anuncio • Oct 02
Koba Resources Limited, Annual General Meeting, Nov 29, 2023 Koba Resources Limited, Annual General Meeting, Nov 29, 2023. Agenda: To consider and approve the re-election of directors. New Risk • Jul 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Market cap is less than US$10m (AU$14.8m market cap, or US$9.85m). Anuncio • Jan 31
Koba Resources Limited Receives Assay Results from Its Maiden Drilling Program At the Blackpine Cobalt-Copper Project in Idaho, USA Koba Resources Limited announced it has received assay results from its maiden drilling program at the Blackpine Cobalt-Copper Project in Idaho, USA. Koba's initial 3-hole (457.8m) drill program has successfully demonstrated that shallow induced polarisation (IP) geophysical targets at the Swift Prospect are closely associated with high-grade cobalt and copper mineralisation. High-grade results returned included 0.4m @ 0.78% cobalt and 0.3m @ 13.45% copper. Stronger, larger IP anomalies remain untested at depth below the areas drilled in this initial, first-pass program. Permit applications have been submitted to drill-test these deeper, high-quality targets. The IP geophysical survey Koba completed over the entire Blackpine Project during 2022 delineated multiple strong IP anomalies over 4km of strike that coincide with strong cobalt-copper soil anomalies. These too are high-priority targets for drilling. Permit applications have also been submitted to drill-test high-priority targets at the Regina and Trench Prospects in 2023. Blackpine Cobalt-Copper Project: The Blackpine Project lies within the Idaho Cobalt Belt - one of the western world's premier cobalt districts. The Blackpine Project is located just 15km southeast of Jervois Global's Idaho Cobalt Operation - where initial commissioning of a new mining and processing operation commenced during October 2022. 5,500 tonnes of copper mineralisation at an average grade of 2% copper were mined at Blackpine between 1945 and 1965. During 2022 Koba undertook the first significant exploration programs at the Blackpine Project in over 25 years. In June 2022, Koba completed a project-wide IP geophysical survey that delineated multiple high-priority anomalies over 4km of strike. Many of these IP anomalies coincide with strong cobalt-copper soil geochemistry anomalies, hence they are high-priority drill targets. Subsequently, during September 2022, Koba completed its maiden drilling program at Blackpine. This first-pass 3-hole (457.8m) drill program intersected multiple intervals of high-grade cobalt and copper (±gold) mineralisation at shallow depths at the Swift Prospect. Assay results were received recently, with better results including: 0.7m @ 0.38% Co, 1.22% Cu and 2.64 g/t Au from 133.0 (BP22-02); 1.2m @ 0.31% Co and 0.57 g/t Au from 92.5m (BP22-03); Including 0.4m @ 0.78% Co and 1.36 g/t Au from 93.3m; 0.3m @ 13.45% Cu and 0.46 g/t Au from 107m (BP22-01); 1.5m @ 2.54% Cu & 0.43 g/t Au from 3.4m (BP22-03); and 4.1m @ 0.94% Cu from 3.0m (BP22-02) Including 2.6m @ 1.41% Cu from 3.7m. These initial 3 drill holes confirmed that the shallow IP targets drilled at the Swift Prospect areassociated with high-grade mineralisation. Because access was limited during this recent program (due to limitations with readily obtainable drill permits), a stronger, deeper IP anomaly remains untested below this shallow, high-grade mineralisation. This stronger anomaly may arise from thicker and or higher-grade mineralisation; accordingly, it is a high- priority drill target. During 2023 the Company will continue to test the strong IP geophysical anomalies that have been delineated over 4km of strike at the Blackpine Project. Colson Cobalt-Copper Project: During August 2022 Koba also drilled two holes at the Colson Cobalt-Copper Project, for a total of 986.6m. Single holes were drilled at the Long Tom and Rattlesnake West Prospects - the first holes ever drilled at each of these prospects. Drilling returned anomalous cobalt and copper results including 0.55m @ 364ppm (0.036%) cobalt and 0.4m @ 588ppm (0.059%) copper in drill hole COLDD2213 (Rattlesnake West). Anomalous results were also returned from the Long Tom Prospect, including 1.5m @ 654ppm (0.065%) copper in drill hole COLDD2214. The initial hole at the Long Tom Prospect only tested a very small portion of the laterally extensive Long Tom IP target. The limited sulphides intersected in this single hole are insufficient to account for the strength and lateral extent of the IP anomaly. The Long Tom IP target coincides with highly anomalous soil geochemistry, including samples that assayed up to 0.11% cobalt and 0.39% copper, which lie within a 2km long Co-Cu-As soil anomaly. So, the Long Tom Prospect remains a high-priority target, where further drilling is warranted to determine the source of the strong IP and highly-elevated soil anomalism. The initial hole at the Rattlesnake West Prospect also targeted a sizeable IP anomaly. The intersection of anomalous cobalt and copper in this drill hole provides encouragement that better mineralisation may be present in close proximity. Hence further drilling in this vicinity is warranted. Anuncio • Nov 11
Koba Resources Limited Announces Exploration Underway At the Whitlock Lithium Project The Whitlock Lithium Project of Koba Resources Limited is located in southern Manitoba, Canada, 120km northeast of Winnipeg, the provincial capital. The project lies within the Bird River Greenstone Belt which hosts multiple significant lithium deposits including: The Tanco Lithium-Caesium-Tantalum Mine which has been in commercial operation for more than 50 years. The most recent published reserves comprise: 7.3Mt @ 2.76% Li2O1; 2.1Mt @ 0.22% Ta2O51; and 0.35Mt @ 23.3% Cs2O1. In addition to being a high-grade lithium mine, Tanco is the world's largest producer of caesium and contains the largest tantalum reserves in Canada. The Separation Rapids Lithium Deposit, with a resource of 10.2Mt @ 1.40% Li2O2. The Donner Lake Lithium Deposit, comprises four spodumene-bearing pegmatites that host a resource of 3.6Mt @ 1.28% Li2O3. The historic Irgon Lithium Mine, where, despite construction of a 74m shaft and 366m of lateral development, no ore was processed. Ore reserves were estimated to total 1.1Mt @ 1.51% Li2O4. In addition to the lithium resources outlined above, other significant lithium deposits are also located in northwest Ontario. These resources are hosted in the same Archean craton as the Whitlock Project, in a similar geological environment, and include 41.8Mt @ 1.53% Li2O5 - PAK Project, Frontier Lithium, 13.3Mt @ 1.09% Li2O6 - Georgia Lake, Rock Tech Lithium and 9.9Mt @ 1.04% Li2O7 - Seymour Lake, Green Technology Metals Four geologists are onsite at the Whitlock Lithium Project conducting an initial reconnaissance and sampling program evaluating the extensive network of mapped pegmatites within the Whitlock Project. The team has already visited and sampled many pegmatite outcrops and will continue investigating areas of key initial interest, covering as much ground as possible and visiting as many outcropping pegmatites as possible during the 10-day initial program. Anuncio • Oct 28
Koba Stakes High-Quality Lithium-Pegmatite Project Adjacent to Canada's Only Operating Lithium Mine Koba Resources Limited Stakes High-Quality Lithium-Pegmatite Project. Whitlock Project is located in southern Manitoba, Canada, 120km northeast of Winnipeg, the provincial capital. The Project lies within the Bird River Greenstone Belt which hosts multiple significant lithium deposits, including: The Tanco Lithium-Caesium-Tantalum (LCT) Mine which has been in commercial operation for more than 50 years. The most recent published reserves (1991) comprise: 7.3Mt @ 2.76% Li2O1; 2.1Mt @ 0.22% Ta2O51; and 0.35Mt @ 23.3% Cs2O1. In addition to being a high-grade lithium mine, Tanco is the world's largest producer of caesium and contains the largest tantalum reserves in Canada. The Separation Rapids Lithium Deposit, located within the Ontario portion of the greenstone belt, with a lithium resource of: 10.2Mt @ 1.40% Li2O2. The Donner Lake Lithium Deposit, comprises four spodumene-bearing pegmatites that host a resource of: 3.6Mt @ 1.28% Li2O3. The historic Irgon Lithium Mine, where, despite construction of a 74m shaft and 366m of lateral development, no ore was processed. Ore reserves were estimated to total: 1.1Mt @ 1.51% Li2O4. Koba's new Whitlock Lithium Project comprises two claim blocks that are both located proximal to, and along strike from, the Tanco LCT Pegmatite Mine. The prospective lithologies that host the Tanco pegmatite extend onto Koba's claims. At Tanco, the host pegmatite does not outcrop, therefore mapped pegmatites at surface are not a requirement for significant LCT-type mineralization. Not with standin this, extensive pegmatites have been mapped within the Whitlock Project. In addition multiple pegmatites have been intersected in the limited previous drilling undertaken within the boundaries of the Whitlock Project. None of these were assayed for lithium. The pegmatites within the Whitlock Project are highly prospective for LCT-type mineralization and there is also potential discover buried pegmatites, similar to the Tanco pegmatite. The Whitlock Project is located in an area of Manitoba that does not allow online staking, therefor physical, on-the-ground claim staking is required to secure a mining claim. Therefore, Koba has bee able to opportunistically stake a substantial claim package in a highly prospective district. The Company's activities at the Whitlock Project are consistent with the previously stated intention to evaluate and acquire additional assets in the battery metals sector that can add significant value to the Company. Proximal Lithium Resources: In addition to the lithium resources outlined on page 2, other significant lithium deposits are also located in northwest Ontario. These resources are hosted in the same Archean craton as the Whitlock Project, in a similar geological environment, and include: 41.8Mt @ 1.53% Li2O 6 - PAK Project, Frontier Lithium (TSX.V:FL); 13.3Mt @ 1.09% Li2O 7 - Georgia Lake, Rock Tech Lithium (TSX.V:RCK); and 9.9Mt @ 1.04% Li2O 8 - Seymour Lake, Green Technology Metals (ASX:GT1). Forward Work Plan: The Company has a geological team in place that is making final preparations to undertake an initial field program that is set to commence in the coming days. They will investigate areas of key initial interest, including pegmatites mapped within the Project area. Future work programs will include: Acquisition and detailed review of high-quality aerial imagery. Detailed review of all existing data and re-processing of any available geophysical data. Detailed field mapping and geochemical sampling including the investigation of known pegmatites to generate drill targets for testing. Drill testing of targets delineated. Koba recently completed its maiden drilling programs at its Colson and Blackpine Cobalt-Copper Projects in Idaho, USA. Assays are pending for both programs and are expected to be received during fourth quarter 2022. Suitable follow-up work programs will be implemented thereafter. Terms of Agreement: The staking of mining claims at the Whitlock Project was undertaken pursuant to an agreement with Geonomik Pty Ltd. ("Geonomik"), who introduced the opportunity to the Company. Koba has paid all claim staking costs. Geonomik is not a related party of the Company. Filing of the claims with the Manitoba Department of Natural Resources and Northern Development (NRND) is nearing completion with the final grant of all claims expected during December 2022. Completion is subject to: the NRND granting the claims staked; Koba obtaining confirmation from ASX that the terms of the Deferred Consideration Shares are acceptable to ASX; and Koba obtaining other requisite regulatory approvals and/or waivers. "(together the "Conditions Precedent")". Anuncio • Oct 01
Koba Resources Limited, Annual General Meeting, Nov 29, 2022 Koba Resources Limited, Annual General Meeting, Nov 29, 2022. Anuncio • Sep 01
Koba Resources Limited Announces Multiple High-Priority IP Anomalies Delineated At Blackpine Cobalt-Copper Project Koba Resources Limited announced that strong induced polarisation (IP) geophysical anomalies have been delineated over 4 km of strike at Koba's flagship Blackpine Cobalt-Copper Project in Idaho, USA. A number of high priority targets have been identified where IP anomalism corresponds with strong cobalt-copper soil geochemical anomalies. During September the Company will commence testing shallow IP anomalies at the Swift Prospect and follow up on high-grade mineralisation intersected in previous drilling. Applications for drill permits to test other recently delineated IP targets have been submitted. New IP Anomalies: The recent IP survey successfully delineated multiple strong IP anomalies, many of which are coincident with the strongest cobalt-copper soil anomalism and/or shallow mineralisation intersected in historic drilling. The highest priority IP anomalies include: The Regina IP Anomaly - a large, strong IP anomaly that lies 200m immediately below very high-grade shallow cobalt mineralisation intersected in previous drilling (see Figure 3), significant results from limited previous drilling include: 0.15m @ 5.84% Co & 1.47 g/t Au from 75.5m; and 6.16m @ 0.61% Co & 6.40 g/t Au from 77.4m. The Swift IP Anomaly is a strong IP anomaly located less than 250m below the historic Blackpine Mine. Previous drilling into shallow IP anomalism in this area returned very promising results including: 7.32m @ 0.16% Co & 0.15 g/t Au from 1.5m; 12.2m @ 0.01% Co, 2.80% Cu & 0.43 g/t Au from 29.0m; and 4.27m @ 0.02% Co, 7.47% Cu & 0.78 g/t Au from 124.6m. The Troll IP Anomaly is coincident with strong cobalt-copper soil anomalism. High grade cobalt and copper mineralisation has been intersected in limited historic drilling that tested the uppermost portions of the IP anomaly including: 2.80m @ 0.16% Co, 4.90% Cu & 0.45 g/t Au from 10.7m; 1.86m @ 0.13% Co, 3.86% Cu & 0.11 g/t Au from 24.1m; and 0.52m @ 0.32% Co, 0.05% Cu & 0.01 g/t Au from 54.9m. The IP anomalism indicates there is potential to discover deeper extensions of the mineralisation at the Troll Prospect. The Trench IP Anomaly is a large anomaly that lies immediately below shallow drilling that intersected 6.5m @ 0.18% cobalt and 5.9m @ 4.4% copper. The Vancouver IP Anomaly is another strong anomaly located immediately below historical shallow drill holes that intersected 5.1m @ 2.7% copper and 1.5m @ 0.12% cobalt. The Gossan, DB and Cuyuna IP Anomalies are all strong IP anomalies untested by drilling. Significant copper, cobalt and/or gold mineralisation has been identified at all three prospects in drilling or rock chip sampling. Blackpine Project - Drill Program Koba will commence drilling in early September at the Swift Prospect where drilling will take place on the patented mining claims. Patented mining claims are privately-owned property and Koba has all the requisite approvals in place to commence drilling. The drill program will target extensions to known mineralisation and shallow IP targets delineated at the Swift Prospect. Many of the high-quality coincident IP and cobalt-copper soil anomaly targets at the Blackpine Project, including Regina, Troll and Trench, are located on unpatented mining claims (government property), which are governed by a different permitting regime. Koba has submitted applications to drill-test these mtargets, with approvals anticipated in 2023. A 986.6m drill program at the Colson Cobalt-Copper Project has concluded with all the samples submitted to the laboratory with assays pending. Anuncio • Jun 28
Koba Resources Limited Commences Drilling At the High-Grade Colson Co-Cu Project Koba Resources Limited has commenced its maiden drilling program at the high- grade Colson Cobalt-Copper Project in Idaho, USA. This initial program will continue through until August before the drill rig moves to the Blackpine Cobalt-Copper Project, just 40km to the southeast. Drilling at the Colson Project will target a series of large, strong induced polarisation (IP) geophysical anomalies, delineated during a 2018 survey at the Long Tom and Rattlesnake Prospects. The strong IP anomalies coincide with strong cobalt-copper soil anomalies including very high-grades up to 0.11% cobalt and 0.39% copper. The undrilled prospects are along strike from known high-grade mineralisation within historic underground workings at the Salmon Canyon Prospect, where several hundred tonnes of copper-cobalt-gold bearing ore were mined between 1964 and 1979. The program will also follow up on high-grade cobalt-copper results from a 2018 drill program that began to test the extensions of the mineralisation evident in the historic underground mine at the Salmon Canyon Prospect. Subsequent IP surveying revealed the mineralisation at the mine coincides with modest IP anomalies and that stronger anomalies that were delineated down dip and along strike may result from thicker and/or higher-grade mineralisation. The Colson Project lies within the Idaho Cobalt Belt which is one of the western world's premier cobalt districts. It is just 25km northwest of both the historical Blackbird Cobalt-Copper Mine, that produced 5Mt at 0.6% cobalt and 1.5% copper1 up to 1968, and Jervois Global's Idaho Cobalt Operation where resources comprise 6.8Mt @ 0.42% cobalt, 0.64% copper and 0.51 g/t gold2 and where first production is scheduled for the second half of 2022. Historic production at the Salmon Canyon Mine took place between 1964 and 1979, with 650m of underground development and several hundred tonnes of cobalt-copper-gold ore produced. Better results from underground sampling programs include: 2.5m @ 5.33% Cu, 0.59% Co and 2.24 g/t Au; 1.3m @ 6.16% Cu, 0.35% Co and 2.54 g/t Au; and 1.8m @ 2.99% Cu, 0.31% Co, 3.48 g/t Au and 27.7 g/t Ag. During 2018 New World Resources Limited completed a drill program to test for extensions of the mineralisation within the underground workings at the Salmon Canyon Prospect. The 12-hole program demonstrated the mineralisation at Salmon Canyon extends along strike and there remains potential to discover additional mineralisation. The 2018 program returned high grade cobalt-copper results including: 5.5m @ 0.20% Co, 0.69 g/t Au; incl. 0.3m @ 1.26% Co, 0.17% Cu, 2.95 g/t Au; andincl. 0.7m @ 0.49% Co, 0.30 g/t Au. 3.4m @ 0.04% Co, 1.51% Cu, 0.31 g/t Au; and 0.7m @ 0.01% Co, 2.1% Cu, 1.13 g/t Au. Anuncio • May 23
Koba Resources Limited Announces Exploration Underway at High-Grade Idaho Cobalt Projects Koba Resources Limited has commenced an induced polarisation (IP) survey at its Blackpine Cobalt-Copper Project in Idaho, USA, to generate new targets for its upcoming maiden drill program. The project wide survey will investigate over 5km of strong cobalt-copper anomalism in soilgeochemistry and assist in locating extensions both along strike and at depth of high-grade mineralisation identified in historic drilling. Blackpine lies 15km southeast of both the historical Blackbird Cobalt-Copper Mine, that produced 5Mt at 0.6% cobalt and 1.5% copper 1 up to 1968, and Jervois Global's (ASX: JRV) Idaho Cobalt Operation where resources comprise 6.8Mt @ 0.42% cobalt, 0.64% copper and 0.51 g/t gold 2 and where first production is scheduled for the second half of 2022. Some exceptionally thick and high-grade assay results were returned at Blackpine from shallow depths previously, including: 0.15m @ 4.79% Co & 4.00 g/t Au from 82.1m; 6.2m @ 0.61% Co & 6.40 g/t Au from 77.4m; including 2.80m @ 1.25% Co & 14.00 g/t Au from 77.4m; and 16.8m @ 0.37% Co & 0.59 g/t Au from 25.9m. 