Riva Resources (ASX:RIR)
Riva Resources (ASX:RIR) could be sitting on a parcel of land in Western Australia poised to recover some of the most significant cobalt grades in the country.
Its current focus is squarely on its 100%-owned Tabac Cobalt-Gold Project where it recently completed its first drill hole, backed by impressive cobalt grades reported from historical drilling.
The assay results from this drill programme are due imminently and could lead to the Yerrida Basin, where Tabac is located, emerging as a new cobalt province.
Meanwhile, RIR has commenced drilling its second hole.
The decision to begin a second diamond drill hole was due to the weight of geological evidence gathered through development of the first diamond hole.
RIR is now focused on testing for potential cobalt-bearing mineralisation as it looks to fast track the completion of this second hole.
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.
With the company still only valued by the market at $14 million, significant announcements on the horizon could be the push that RIR require to move its market cap.
The first of these announcements will be the imminent assay results, which are now only days away.
Cobalt Assays Imminent for RIR
May 18, 2017
There are extensive opportunities on offer to get in on the booming rechargeable battery market via investing in lithium and cobalt explorers. It is no secret to The Next Small Cap readers that these explorers could be the future suppliers of crucial battery materials.
Related Riva Resources (ASX:RIR) articles
Australian Cobalt Explorer Set to Drill Any Day Now
Apr 12, 2017
One of the star commodity performers over the past year or so has been cobalt. With the metal’s price rallying sharply, it is paying off for companies — and investors — that have caught wind of its popularity. Cobalt is a specialty metal vital in the production of rechargeable batteries – its properties allow it […]
ASX Junior’s Under-Drilled Cuban Oil Asset Puts it in Multi-Billion Barrel Company
Nov 15, 2018
Zero Safety Issues for IMU’s Immunotherapy Cancer Treatment: Phase II Trial Imminent
Nov 13, 2018