ABN 79 106 879 690
Level 2, 66 Hunter Street Sydney NSW 2000 P: +61 (2) 9300 3310 F: +61 (2) 9221 6333 www.collerinacobalt.com.au
30 May 2017
The Manager Companies
20 Bridge Street
Sydney NSW 2000 (5 pages by email)
COMMENCEMENT OF COLLERINA PROJECT DRILLING
• Collerina Cobalt has commenced a 45 hole, 2,700 metre, reverse circulation (‘RC’) drill
program at its 100% Collerina cobalt‐nickel‐aluminium project.
• The program objectives are to increase the size of the cobalt‐nickel resource, identify areas
of high grade cobalt and also delineate a potentially high grade aluminium resource.
• Upon completion of the program the Company will progress the Collerina project scoping
study, with a particular focus on the recovery of cobalt and nickel, and also aluminium to
produce a high purity alumina (‘HPA’) product.
• The Company has made considerable advances in respect of the Collerina project and looks
forward to updating the market in the short term on its progress
Collerina Project Area
The Collerina project is located 40 kilometres south of Nyngan in the central west of New
South Wales and within trucking distance of the main Western railway line of New South
Wales which connects to major east coast ports. Access is provided by a series of all‐
weather secondary roads the closest of which passes adjacent to the main zone of cobalt
The project is situated within the Lachlan Fold Belt, a geological feature that is host
to several world‐class metal mines including Northparkes, Cadi‐Ridgeway and
Cobar. It is also host to Clean Teq’s, Syerston project which is a large laterite‐hosted
nickel‐cobalt‐scandium deposit currently under feasibility. Syerston is situated
approximately 130 kilometres southeast of Collerina and is hosted within similar
Collerina project situated about 40 kilometres south of Nyngan, NSW.
Collerina Drill Program
Location of previous (2008 ‐2010) drill holes completed in the Collerina project area.
Access is provided by several all‐weather secondary roads.
Approximately 2,700 metres of RC drilling is planned within 45 drill holes. Drilling will be
completed along 50 to 100 metre spaced intervals along 100 to 500 metre spaced lines.
Samples will be composited at 2 metre intervals and submitted to ALS in Orange, NSW for
sample preparation and then forwarded to ALS Brisbane for XRF analysis.
39 holes are planned for the Homeville prospect area to confirm continuity of the high
cobalt zones intersected by previous drilling and to test for additional high grade cobalt
mineralisation. Several holes are also located to test for high grade, cobalt and aluminium
within the undrilled northwestern extension of the high magnetic linear at Homeville.
The current JORC compliant resource estimate for the Collerina project contained within the
Homeville deposit is 16.3 million tonnes at 0.93% nickel and 0.05% cobalt (at 0.7% nickel
cut‐off), containing an estimated 151,000 tonnes of nickel and 8,100 tonnes of cobalt (4.4
million tonnes Indicated resource of 0.99% nickel and 0.06% cobalt and 11.9 million tonnes
Inferred resource of 0.91% nickel and 0.05% cobalt).
Interpreted magnetic map with locations of previous and planned RC holes.
Areas of current defined higher grade cobalt and nickel hosted laterite mineralisation are indicated.
The area of indicated higher grade aluminium (≥4.5%) mineralisation within the
Homeville prospect area.
For further information, please contact Peter Nightingale on +61 2 9300 3310.
Peter J. Nightingale
Statement of Compliance
Information regarding the Mineral Resource at the Collerina project was prepared and first disclosed under the 2004 Edition of
the ‘Australasian Code for Reporting of ‘Exploration Results, Mineral Resources and Ore Reserves’. It has not been updated
since to comply with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves’ on the basis that the Company is not aware of any new information or data that materially affects the information
and, in the case of the resource estimate, all material assumptions and technical parameters underpinning the estimate
continue to apply and have not materially changed.
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by
Augur staff and contractors and approved by Mr Michael Corey, PGeo., who is a Member of the Association of Professional
Geoscientists of Ontario (APGO) in Canada. Mr Corey is employed by the Company and has sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Mr Corey has consented to the inclusion in this report of the matters based on his
information in the form and context in which they appear.