Koba geologists inspecting and sampling a pegmatite outcrop at the Whitlock Lithium Project. Source: Koba Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Koba Resources (KOB) commences initial exploration work at the Whitlock lithium project in southern Manitoba, Canada
  • The company sent four geologists onsite to conduct a reconnaissance and sampling program to evaluate the network of mapped pegmatites
  • Samples will be submitted for analysis in January using a multi-element analytical suite developed for lithium exploration in highly fractionated pegmatites
  • The results will confirm any potential lithium grades and provide important information on lithium pathfinder elements
  • Shares in Koba have ended the day 13.5 per cent up at 21 cents each

Koba Resources (KOB) has begun initial exploration at the Whitlock lithium project in southern Manitoba, Canada.

The company sent four geologists onsite to conduct reconnaissance and sampling to evaluate the network of mapped pegmatites.

The team has visited and sampled many pegmatite outcrops and will continue investigating areas of key interest during the 10-day initial program.

Samples collected will be submitted for analysis in January using a detailed multi-element analytical suite specifically developed for lithium exploration in highly fractionated pegmatites.

The results will confirm any potential lithium grades and provide important information on lithium pathfinder elements to help better understand the pegmatites at the project and detect the lithium-bearing pegmatites.

“We are excited to commence our initial work program at the Whitlock lithium project,” Managing Director and CEO Ben Vallerine said.

“With the world-class Tanco lithium-caesium-tantalum pegmatite mine on our doorstep and an extensive network of outcropping pegmatites within our project, the company is looking forward to what the program could reveal.”

Once the current field program is complete, the company will begin other programs such as field report assessments and acquire detailed review of high-quality aerial imagery.

Shares in Koba were up 13.5 per cent, trading at 21 cents at market close.

KOB by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX200 takes a slide into the weekend

The ASX200 shed 0.85% today – with every sector – except materials, losing ground. IT stocks…

Week 20 Wrap: EU-to-China cargoes up 12% YTD; US CPI tame

US inflation was the biggest data drop of the week; Anglo American is restructuring to fend…
The Market Online Video

Market Update: ASX dips with only materials afloat

The ASX is down nearly half a per cent - on par with future's predictions -…

Patagonia grows portfolio of REE and lithium-focused territory with exploration grants

Patagonia Lithium Ltd has been granted an additional 15 exploration licences in Argentina where it is…