Latest Cobalt Exploration News

Cosmo Metals has kicked off its first drilling program in nearly 30 years at the Spring Creek prospect in NSW, backed by a $2 million capital raise and government funding to advance exploration across its NSW and WA projects.

Redstone Resources has secured $650,000 through a strongly supported placement to fund further exploration at its West Musgrave Copper Project, following encouraging copper and cobalt assay results from recent deep drilling.

Legacy Minerals has acquired exploration rights to the Nico Young nickel-cobalt deposit in NSW, boasting one of Australia’s largest contained resources with significant strategic potential amid current market lows.

Latitude 66 Limited is set to commence a pioneering Reverse Circulation (RC) drilling trial at its KSB North Project in Finland, aiming to unlock high-grade gold and cobalt mineralisation at the K6E and K6W Prospects. This move could significantly enhance exploration efficiency and reduce costs across the project.

Ausmon Resources Limited reports steady progress in rare earth and base metals exploration across Australia, with key drilling programs planned for 2025 despite a tight cash position.