Highlights
Agreement to acquire 100% interest in high grade Cobalt–Base Metals Project in USA
Project located in stable mining friendly state of Nevada, 700kms from Tesla’s
Gigafactory
In the early 1920’s approximately 20 tons of cobalt rich ore was shipped from 4
separate copper mines to processing facilities. These shipments assayed between 6%
and 29% cobalt1
Mining identity Mr Klaus Eckhof appointed as Strategic Advisor to Tyranna
Tyranna is well funded ($8 million cash & investments) to progress high impact
exploration program to commence immediately on settlement of acquisition
Project area surrounds ASX listed Longford Resources’ (ASX: LFR) (market
capitalisation of $42m) claims to the north & south
No modern exploration techniques applied to project area
Results pending from stream sediment & rock chip sampling program completed by
vendor
Mr Greg Smith (Geologist - 40 years’ experience) – previous exploration manager for
Moto Goldmines appointed as Exploration Consultant to head up Goodsprings
Cobalt-Base Metals Project
Anticipated growth in electric vehicles (EV’s) underpins recent surge in Cobalt price
to US$88,000/ton – a 280% increase over 2 years.
Tyranna Resources Limited (ASX: TYX) (‘Tyranna’ or ‘the Company’), is pleased to announce that it
has entered into a binding option agreement to acquire private company, US Cobalt Pty Ltd (US
Cobalt), the owner of Goodsprings Cobalt and Base Metals Project, located in the State of Nevada,
USA.
The US Cobalt acquisition is part of Tyranna’s diversification strategy aimed at capitalising on the
battery minerals revolution which has seen the rapid rise in the LME price of Cobalt (from
US$23,000/ton in March 2016 to US$88,000/ton in March 2018
