Victory Mines (ASX: VIC)

 
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With its high-growth rates and even higher potential, battery demand is a critical focus for metal markets.

So, if 2016 was all about lithium, 2017 looks to be cobalt’s turn to make good as a key component of the lithium-ion battery movement.

As such, one micro-capped Australian explorer looks set to acquire a home grown zinc-lead-silver-cobalt project, situated close to infrastructure in the abundantly mineralised Kimberley region of Western Australia.

The company is set to acquire a high-grade polymetallic asset known as the Bonaparte Project, which whilst exploration is very early stage, is already dishing up high cobalt values of over 4% and high-grade zinc of up to 4.1% in rock chip samples.

The Bonaparte Project spans a large 550km2 tenement package area, where several high grade prospects have already been defined.

Importantly, the area itself remains otherwise largely underexplored for cobalt, which leaves the company looking at a lot of blue sky potential.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

On top of this a non-JORC compliant resource of 150,000t averaging 2.25% zinc has been estimated on the exploration licences with significant scope for JORC conversion and extensions to the current ore body.

Whilst currently valued by the market at $5.7 million with close to $2 million in the bank, any highly mineralised sampling or drill results could see this company’s share price move significantly north. 

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