MEI on-boards cobalt expert to drive Canadian project
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Canadian metals explorer Meteoric Resources NL (ASX:MEI) today announced the appointment of Tony Cormack to its team, as Cobalt Project Manager. The company intends the role to drive the exploration and development of its prospective cobalt projects in Canada.
Cormack’s most recent appointment was as Chief Operating Officer of Battery Mineral Resources Limited where he managed the cobalt exploration adjacent to MEI’s Ontario tenure. BMR’s Iron Mask asset has a historical six-ton bulk sample graded 15 per cent cobalt and surface rock chip assays graded up to 21.3 per cent cobalt.
MEI’s flagship cobalt project sits directly adjacent, with the potential for the mineralised trend and late stage sheer structure at Iron Mask (high grade cobalt, gold, nickel and copper) having been interpreted as potentially extending through MEI’s landholdings.
That said, it is early stages here and investors should seek professional financial advice if considering this stock for their portfolio.
As Cobalt Project Manager, Cormack will be assisting in the preparation of an exploration program over the entire mineralised trend, set to occur in Q2CY18. Following this, the company intends to undertake a maiden diamond drilling program.
MEI is confident in its latest appointment, thanks to Cormack’s 20 years’ of mine and exploration geology experience. This experience involved a broad range of commodities including nickel, copper, cobalt, gold, tantalum, graphite and iron.
Further, Cormack has a proven track record of taking exploration projects through to production, having held senior positions with BHP Billiton, Aztec Resources, Atlas Iron Limited and Hexagon Resources Limited.
Andrew Tunks, MEI’s new Managing Director, stated: “The appointment of Mr Tony Cormack is an absolute coup for us and acquiring his services was my first priority to get the ball rolling on our drive to become a major player in the cobalt space. Tony has direct experience in our exploration area and together we will drive the exploration and development of the company’s first class cobalt assets while actively pursuing new opportunities in the space.
“Meteoric has great projects, exploration is fully funded, and it has now assembled a first‐class professional team to advance its projects. The Company is extremely well placed to take full advantage of the positive market dynamics and add significant value for its shareholders.”
Tony Cormack also commented on the appointment: “The Meteoric team have done a fantastic job of accumulating such highly prospective cobalt prospects in the world class mining jurisdiction of Ontario in Canada.
“Having walked Meteoric’s adjacent cobalt ground, I believe it has the potential to host a large part of the Iron Mask enriched cobalt system and am very excited to be a part of MEI.”
General Information Only
This material has been prepared by Jason Price. Jason Price is an authorised representative (AR 000296877) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C), and a Director of S3 Consortium Pty Ltd (trading as StocksDigital).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Jason Price, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, Jason Price, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
