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
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