Greatland Gold intends on beginning exploration activities in Western Australia this October.
Soil, rock chip, and drainage samples will be taken from the Panorama Project site in the Pilbara region, reports Mining Technology, where the English company anticipates to uncover rich deposits of cobalt, gold and other minerals.
Greatland Gold will explore in areas that have “not been subject to significant exploration in the past”, with a focus on uncovering cobalt, a priority mineral, as identified in a statement released by Greatland Gold’s CEO:
“The recent sustained strength in the cobalt price supports our view that cobalt is becoming an increasingly important component in many of the new technologies that are set to reshape the future of the global energy and consumer electronics market. We intend to move quickly with our field efforts and use this first pass exploration work to outline primary targets ahead of next year’s field season.”
Work is anticipated to begin the first week of October.