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WEST COBAR METALS LIMITED (WC1)

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ASX, Legal & CGT Status

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Our website ranking of WC1: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000169963
Address: Suite B9, 431 Roberts Road, Subiaco WA 6008
Tel:  +61 8 9287 4600

Date first listed: 01/10/2021

Activities: Mineral exploration

News & Events

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The suspension of trading in the securities of West Cobar Metals Limited will be lifted immediately following the release by WC1 of an announcement regarding an update of the Mineral Resource Estimate for the Salazar Project.

09/08/2023

JORC (2012) Total Mineral Resource upgraded to 190Mt of 1172 ppm TREO (total rare earth oxide) comprising of Indicated + Inferred Resources at the Salazar clay hosted Rare Earth Element deposits. Newmont deposit - Mineral Resource increased to 83 Mt of 1117 ppm TREO (Indicated + Inferred Resource), including 39 Mt of 1216 ppm TREO upgraded to Indicated Mineral Resource classification. O'Connor deposit - maiden Inferred Mineral Resource of 107 Mt of 1216 ppm TREO. Nearly x4 increase over previously reported Inferred Resource tonnage with high REE grades persisting. Significant further potential to extend resources at both Newmont and O'Connor, with exploration potential at Lanthanos (576km2). High proportion of total magnet rare earth content (praseodymium, neodymium, dysprosium and terbium) and particularly high in the heavy magnet rare earths dysprosium and terbium at the Newmont deposit. Recent metallurgical testwork undertaken at ANSTO confirms that the REE clay minerals are amenable to acid leach extraction at low acid concentrations, temperatures and atmospheric pressure. Metallurgical testwork to establish a viable economic extraction flowsheet for the REE's is continuing.

09/08/2023

The securities of West Cobar Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of WC1, pending the release of an announcement regarding an update of the Mineral Resource Estimate for the Salazar Project.

08/08/2023

The suspension of trading in the securities of West Cobar Metals Limited will be lifted immediately following the release by WC1 of an announcement regarding an acquisition and a response to an ASX price query.

08/09/2022

The company issues a response to ASX Price and Volume Query.

08/09/2022

The company releases a notice of proposed issue of securities.

08/09/2022

Binding agreements signed to acquire Salazar Rare Earth Elements Clay Project, located 120km north-east of Esperance, Western Australia, subject to West Cobar Metals shareholder approval and other conditions precedent. Salazar's Newmont deposit has an Inferred Mineral Resource reported according to JORC (2012) of 43.5Mt of 1192ppm TREO (total rare earth oxide) and features low levels of uranium and thorium. Metallurgical testwork undertaken indicates the REE clay minerals are amenable to acid leach extraction at low temperatures and atmospheric pressure. Project is well advanced with over eight years of testwork and studies completed with well-known research and technical institutions. Newmont deposit includes a high-grade alumina zone with an Inferred Mineral Resource of 3.4Mt of 31% Al2O3. Low-level detailed aeromagnetic surveys planned to cover the Bulla Park copper prospects (Cobar West region) to firm-up drill targets.

08/09/2022

The securities of West Cobar Metals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of WC1, pending the release of an announcement regarding a proposed acquisition and a response to an ASX price query.

01/09/2022

listed entity carried for record purposes only

01/10/2021

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    23/08/2024Mark Bolton47,678$0.031$1,460
    19/08/2024Mark Bolton75,000$0.030$2,250
    10/01/2022Ron Roberts83,750$0.138$11,516
    17/12/2021Ron Roberts100,000$0.143$14,250
    07/10/2021Ron Roberts50,000$0.220$11,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Mark BoltonNon Exec Chairman08/02/2023
    Matt SzwedzickiManaging Director01/10/2021
    David PascoeCEO01/10/2021
    Ron RobertsNon Exec Director01/10/2021
    Jerry MonzuCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Rob KlugNon Exec Chairman01/10/202128/03/2024
    Kevin DasNon Exec Director01/10/202124/11/2023

    Date of first appointment, title may have changed.