Cosmo Metals’ projects highly prospective for gold, copper-nickel-cobalt (Cu-Ni-Co) and lithium (Li)

Cosmo Metals’ projects highly prospective for gold, copper-nickel-cobalt (Cu-Ni-Co) and lithium (Li)

Company name: COSMO METALS LTD

Code: CMO.ASX

 The proceeds from recent capital raise will place Cosmos in a strong position to execute their current strategy to create value from their WA gold and base metal asset portfolio. Cosmo’s Managing Director, James Merrillees notes ‘The acquisition of the KGP complements the Company’s existing base metals and lithium portfolio at Yamarna and is a low-cost entry into the prolific Eastern Goldfields adjacent to world-class projects with exceptional infrastructure.’  


Quick Company facts  


  •  Kanowna Gold Project is adjacent to Northern Star’s Kanowna Belle Mine where more than 5.4 million ounces of gold has been produced since 1993 and currently runs at an annual production rate of approximately 150koz. The 20km2 KGP comprises 12 Prospecting Licenses 13km by sealed road east of Kalgoorlie in the Eastern Goldfields of Western Australia, one of the most prolifically well-endowed gold producing regions globally.

  • Cosmo is well positioned to take advantage of the macro economic environment. Numerous economists and banks have raised their gold price forecasts due to increased geopolitical instability, continued high inflation, and US recession concerns. From a historical perspective, gold tends to outperform other assets and preserve its purchasing power better in these scenarios.

  • Cosmo Metals’ projects are considered highly prospective for gold, copper-nickel-cobalt (Cu-Ni-Co) and lithium (Li) and Cosmo’s well regarded technical team is advancing exploration on multiple fronts to unlock the potential of the company’s projects. This includes the advancement of its flagship Mt Venn, Winchester and Eastern Mafic projects in the underexplored Yamarna Belt, in the Eastern Goldfields region of Western Australia.

  • Managing Director – James Merrillees, has an established track record as a geologist with over 20 years’ global experience in minerals exploration and development. He has held senior technical and corporate roles with ASX-listed and private gold and base metals explorers and developers. Mr Merrillees’ extensive experience covers the exploration of Archean and Proterozoic mineral systems and the management of teams involved in greenfield discoveries of gold, base metals, uranium and bulk commodities.

  • Cosmos boasts a highly experienced Board and Management Team, who have extensive hands-on operational experience in minerals exploration, mining and commercial production in Australia and around the world.

  • Directors have skin in the game – they have invested considerable amounts of their own money via investing in the IPO and participation in last year’s placement (James Merrrillees and Peter Bird) and are fully committed to the Completion of the acquisition of the Kanowna Gold Project and motivated to ensure its success.


About the company

COSMO METALS LIMITED (CMO) is an ASX-listed, gold and base metals exploration company with key projects located in Western Australia. In early CY 2024, Cosmo announced the intention to acquire the Kanowna Gold Project (KGP) located adjacent to the 7m ounce Au Kanowna Belle gold mine some 13km north of Kalgoorlie.

Cosmo is also active in the underexplored Yamarna Belt in the Eastern Goldfields region which is considered highly prospective for copper-nickel-cobalt (Cu-Ni-Co), lithium (Li) and platinum group elements (PGE).

Cosmo’s activities are supported by a well-regarded technical team who are advancing exploration on multiple fronts to unlock the potential of both the KGP and Yamarna Projects.

DISCLAIMER: ‘The information does not constitute personal financial advice. Consult your adviser or broker prior to making any investment decision.

For further information about this company, email – shareholder@pelshare.com.au

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