Fe Limited (ASX: FEL) is a mineral exploration company that holds or has rights or interests in various projects and tenements prospective for cobalt, copper, iron ore, gold and base metals located in Australia and DRC. The company is focused on the exploration of the Kasombo Copper-Cobalt Project held by Soludo Lambert Mining SAS where it was assigned the rights and obligations in the project. The Company also has interests in several highly prospective projects in the Bryah Basin region of Western Australia with joint venture partners Auris Minerals Ltd (formerly RNI NL), Alchemy Resources Ltd, Independence Group NL, Westgold Resources Limited, Billabong Gold Pty Ltd and Sandfire Resources NL, which are mostly free-carried with no contributing responsibilities, until Decision to Mine.
Plans & Latest Developments:
The Company is focused on the development of the Kasombo Copper-Cobalt Project that is held by Soludo Lambert Mining SAS and is located in the Katanga Copper Belt of the DRC. It comprises three mineralized areas within two granted mining licenses. The Company received good cobalt assays results from recent trenching at the project and is planning a drilling program.
Why should investors invest in you?
The Company aims to capitalise on an undervalued and growing Cobalt market through the acquisition of rights to readily available cobalt-rich tailings in the DRC copper belt, with access to processing facilities and enter into joint development and processing agreements. The Company is currently focused on the development of the Kasombo Copper-Cobalt Project in the DRC.
Stock Exchange Listing:
Base Metals | Colbalt | Copper | Gold | Iron Ore
Stage of Development:
Countries of Operation:
Australia | Democratic Republic of Congo (DRC)
Board of Directors:
- Mr Tony Sage – Non-Executive Chairman
- Mr Kenneth Keogh – Non-Executive Director
- Mr Nicholas Sage – Non-Executive Director
- Ms Catherine Grant-Edwards – Chief Financial Officer and Joint Company Secretary
- Ms Melissa Chapman – Joint Company Secretary