Delecta ltd. Involved in lithium (Seite 10)

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Delecta to aquire cobalt-copper project

Quelle: https://www.businessnews.com.au/article/Delecta-to-acquire-N…

[rdncoic]

Antwort auf Beitrag Nr.: 59.752.203 von Wolf1966 am 31.01.19 07:43:43

Zitat von Wolf1966: ....wo bleibt das angekündigte Announcement??

Matt BirneySponsored
Wednesday, 6 February 2019 5:01AM











ASX listed junior explorer Delecta Limited has exercised its option to acquire the Highline cobalt-copper project in Nevada, USA, after completing due diligence that confirmed the high-grade nature of its mineralisation.

The company will pay the vendors $150,000 in cash and 50 million shares in the company to acquire Silver Queen Mining, which owns the project.

Under the due diligence work, Delecta carried out underground mapping of the Highline Mine that confirmed the previous underground map.








Notably, six rock chip samples taken in the workings returned results similar to those completed by the vendor with top results of up to 3.37% cobalt and 10.2% copper.

Previous sampling of these workings returned grades of up to 2.86% cobalt and 7.08% copper.

The company also collected a total of 49 stream sediment samples within the Highline Claim Group that identified two multi-element coincident anomalous drainages areas.

The first area is the known mineralisation at the Highline Mine and the unnamed adit located about 150 metres east-southeast that includes anomalous lead and zinc above the level of the workings while the second are is a drainage bisecting the western claim in the Highline Group.

Delecta also collected seven rock chip samples during the stream sediment program.

Significant results include 3.51% cobalt, 36.7% copper and 58.8 grams per tonne silver, and 25.5% copper and 49.7g/t silver in another sample.

The company plans to carry out an exploration program consisting of detailed geological mapping and sampling over the areas defined by the stream sediment geochemistry in the western claim and the Highline Mine area.

This will determine the mineralisation controls and its extent in a bid to identify drill targets.

Delecta Managing Director Malcolm Day said: “I am very pleased with the results of the exploration program and excited to complete the acquisition of the Highline Project. The results have confirmed the high-grade nature of the project and significantly increased its potential.”

“The company believes that the Highline cobalt-copper project represents a relatively low risk opportunity in an area of known mineralisation.”

The Highline project comprises 5 patented mining claims totalling 90.4 acres that are divided into the Highline and Pocahontas claim groups within Nevada’s mineral-rich Goodsprings district.

It is located just 48 kilometres southwest of Las Vegas and is surrounded by four historical cobalt mines that produced at high grades in their day.

Delecta’s move to acquire the Highline project will give the company some interesting ground with evidence of high grade cobalt and copper.

Just how far the company can take this project with the use modern exploration techniques, will certainly be something to keep an eye on.

[Wolf1966]

Antwort auf Beitrag Nr.: 59.734.665 von rdncoic am 29.01.19 11:32:24

....wo bleibt das angekündigte Announcement??

[rdncoic]

Antwort auf Beitrag Nr.: 59.225.890 von rdncoic am 15.11.18 18:52:33

Quarter with Profit for DLC and money set aside for Highline Copper Cobalt Project

https://hotcopper.com.au/threads/ann-appendix-4c-quarterly.4…

Moving slowly but surely. 31 Jan 2019 Announcement on the DLC/Highline Project Due!

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[rdncoic]

Getting Interesting 4 Sure!

Delecta Limited MD outlines attraction of Highline Copper-Cobalt Project

https://www.proactiveinvestors.com.au/companies/stocktube/11…" target="_blank" rel="nofollow ugc noopener">https://www.proactiveinvestors.com.au/companies/stocktube/11…



Delecta Limited (ASXLC) managing director Malcolm Day tells Proactive Investors that due diligence works on the Highline Copper-Cobalt Project in the Goodsprings district of Nevada, USA, are progressing well. The company is currently utilising a 90-day option period to complete a geological review, and is looking to complete acquisition of the project next month.

Neighbours Tyranna Resources (ASX:TYX) and New World Cobalt (ASX:NWC) will be drilling their projects in Q1 of 2019, and assay results from those campaigns will be analysed to help Delecta with targeting for a drilling campaign.

Day highlights the "quite extraordinary historical results from the Highline Mine," reminding that modern exploration techniques are yet to be applied.

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company website: http://delecta.com.au/index.html

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Weitere Nachrichtenquellen:

https://www.proactiveinvestors.com.au/companies/news/208695/…

https://www.businessnews.com.au/article/Delecta-sampling-fir…

[Kaufangebot]

Delecta entdeckt bei Highline hochwertiges Kobalt & Kupfer



Von Trevor Hoey . Veröffentlicht am 7. November 2018 in Juniors

Delecta ( ASX: DLC ) hat aus seinem Highline-Cobalt-Kupfer-Projekt in Nevada vielversprechende Probenergebnisse aus dem frühen Stadium veröffentlicht.

Zu den Schlagzeilen gehörten Kobaltgehalte von bis zu 1,46% und Kupfer mit einem Gehalt von 31,2%.

Wie in der folgenden Zusammenfassung der Ergebnisse angegeben, wurde auch eine robuste Gold- und Silbermineralisierung festgestellt:


Beispielergebnisse
DLCs ​​Wohnsiedlungen bestehen aus 90,4 Hektar Land innerhalb des vielversprechenden Goodsprings Mining District in Nevada, umgeben von vier historischen Kobalt produzierenden Minen. Das Projektgebiet grenzt an die Forderungen von New World Cobalt (ASX: NWC) und Tyranna Resources (ASX: TYX).

[...]

Interessanterweise stiegen die Aktien von Delecta um 50%, als die geplante Highline-Akquisition im September angekündigt wurde. Das jüngste Retracement (wie unten angegeben) scheint hauptsächlich aufgrund der starken Marktvolatilität im Oktober eine negative Stimmung zu sein.

Da der Markt die aktuellen Nachrichten verdaut und Investoren die anstehenden Ergebnisse der aktuellen Explorationsaktivitäten überprüfen, wäre es nicht überraschend, dass der Kurs der Aktie kürzlich wieder an Boden verloren hat.

Quelle: https://finfeed.com/small-caps/juniors/delecta-unearths-high…

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Einladung zur Hauptversammlung

Auszüge aus der Einladung zur Hauptversammlung:

INTRODUCTION TO RESOLUTIONS 4 TO 7
On 17 September 2018, the Company announced that it has entered into a binding
Option Agreement to acquire Silver Queen Mining Pty Ltd, the owner of the Highline
Cobalt-Copper Project.
Details about the Highline Cobalt-Copper Project are set out in the Company’s
announcement made to ASX on 17 September 2018.
Pursuant to the Option Agreement:
(a) the Company paid Coral Brook Pty Ltd an option fee comprising of:
(i) a cash payment of $100,000; and
(ii) the issue of 10,000,000 fully paid shares (the Option Fee Shares) in
the Company,
for a 90-day exclusive option period;
(b) upon exercise of the Option, the Company, at its sole and absolute discretion,
pays Coral Brook Pty Ltd (or its nominee) an Option Exercise Fee comprising
of:
(i) $150,000 cash; and
(ii) the issue 50,000,000 fully paid shares in the capital of the Company
(Option Exercise Fee Shares), which will be subject to 6 months
voluntary escrow.
(c) the exercise of the Option under the Option Agreement is conditional upon
the Company:
(i) securing an underwiring commitment to raise a minimum of $500,000
at an issue price of not less than $0.01 per Share; and
(ii) securing the service of Mr Greg Smith as the Company’s consultant
geologist for the transaction and ongoing basis on terms agreeable to
the Company.

To advance the Highline Cobalt-Copper Project, and to assess other opportunities
within the region and resources space, Delecta has engaged Greg Smith as a
consultant geologist, and intends, subject to the exercise of the Option Agreement,
to engage Paul Lloyd as a project consultant.
Each consultant will be paid mutually agreed day rates for approved work, and
subject to Shareholder approval and the meeting of specified criteria, each
consultant will be issued the Consultant Options to acquire fully paid ordinary shares
in the capital of the Company as follows:
(a) upon Exercise of the Option Agreement and subject to Shareholder Approval,
each consultant will be issued 20,000,000 Consultant Options;
(b) upon exercise of the Option Agreement, and subject to and conditional upon
the market capitalisation of the Company reaching A$15 million within 18 months of the consultant’s initial engagement, based on a 10 day VWAP of
the Company’s Fully Paid Ordinary Shares on the ASX, each consultant will be
issued a further 20,000,000 Consultant Options.

DELECTA LIMITED
ACN 009 147 924
Notice of Annual General Meeting

The Annual General Meeting of Delecta Limited will be held at:
9 Foundry Street, Maylands, Perth, Western Australia; and
9am (WST) on 29 November 2018.