Greatland Gold has applied for two adjoining exploration licences covering a large cobalt property in northern Western Australia’s Pilbara Region.
The licences cover 130km² in an area considered to be highly prospective for cobalt.
Located 200km south-east of Port Hedland, the Panorama Cobalt Project is understood to occupy a strategic position across the coherent cobalt in streams anomaly in Western Australia.
Greatland Gold CEO Gervaise Heddle said: “Half of the current global supply of cobalt comes from the Democratic Republic of Congo (DRC) in Africa and cobalt projects with the ability to scale to meet future global demands are rare, particularly in safe jurisdictions such as Australia.
“We believe that the Panorama Cobalt Project is highly prospective for a large, near-surface deposit in an area that has been almost completely ignored by mineral explorers for cobalt for the past 40 years.”
In the early 1970s, a systematic stream sediment sampling programme was completed over the Pilbara Region by Anglo American Corporation, which determined a large cluster of high cobalt in streams.
Historical findings at the Pilbara Region demonstrated gold and base metal mineralisation but very little work has been done with regard to the cobalt mineralisation.
The company is planning to conduct a review of airborne aeromagnetics and integration of geological and geochemical data.
Further, it stated that resultant targets will be subject to geological reconnaissance, soil sampling and rock chip sampling during the third quarter of this year.
The exploration licences are expected to be granted within six months of the application.
Headquartered in the UK, Greatland Gold is focused on gold and nickel exploration projects, with four of them located in Western Australia and two in Tasmania.