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Koba Resources (ASX:KOB) begins initial exploration at Whitlock, Canada

ASX News, Materials
ASX:KOB      MCAP $20.61M
10 November 2022 18:04 (AEST)

Koba geologists inspecting and sampling a pegmatite outcrop at the Whitlock Lithium Project. Source: Koba Resources

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.

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