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- West Cobar Metals (WC1) resumes drilling at its Salazar rare earth element project in the Esperance-region of Western Australia
- Boots are back on ground following a break for Christmas with 2,781 metres of aircore drilling complete out of a planned 9000 metres
- Drilling is aimed at extending the existing inferred resource at Newmont, as well as exploring the southern part of the tenement and the O’Connor licence area
- Once drilling is complete, WC1 plans to use the results, combined with historical data, to produce an updated mineral resource estimate for the Newmont deposit
- Shares in WC1 are down 2.94 per cent trading at 16.5 cents at 3:00 pm AEDT
West Cobar Metals (WC1) has recommenced drilling at its Salazar rare earth element project in the Esperance-region of Western Australia.
Following a break for Christmas, boots are back on ground and the company has resumed its 9000 metre phase one air core program.
The drilling will aim to extend the existing inferred resource at Newmont, as well as explore the southern part of the tenement that hosts the Newmont deposit, along with the O’Connor licence area.
Prior to the break, West Cobar completed 2781 metres of drilling, samples from which have been sent for analysis and the results are expected during the current quarter.
Once drilling is complete, the company said the results would be integrated with historical data to produce an updated inferred resource for the Newmont deposit during the second quarter of this year.
Shares in WC1 were down 2.94 per cent trading at 16.5 cents at 3:00 pm AEDT.
