WC1: Field Exploration Commences at NT Lithium Prospects

WEST COBAR METALS LIMITED

• West Cobar Metals Limited has begun reconnaissance field work at its Hermit Hill Project in Litchfield Province, Northern Territory, a significant landholding of 667km2 that is prospectively rich in lithium, gold, and rare earths.
• The field activities encompass geological mapping as well as soil and rock chip sampling to assess the licence and pinpoint drilling targets.
• Additional work may involve geophysical surveys and deep ground penetrating radar (DGPR) to detect lithium-rich pegmatitic zones under cover.

2023-07-03 09:13:00

WC1: Appointment of Managing Director & Executive Role Changes

WEST COBAR METALS LIMITED

• Matt Szwedzicki has been appointed as the Managing Director of West Cobar Metals Limited, taking over from David Pascoe.
• David Pascoe will change his role to Head of Exploration and Technical Services, focusing on advancing the company's rare earth, lithium, and copper assets.
• Kevin Das will revert to a Non-Executive Director position and continue supporting the company as a consultant.

2023-06-22 10:03:00

WC1: Field Exploration Commences at Nevada Lithium Prospects

WEST COBAR METALS LIMITED

• Field work begins at West Cobar's mining claims in Nevada, USA, which are prospective for large-scale sedimentary-hosted lithium claystone deposits.
• The areas are located within the Nevada lithium district and host similar geology to known major lithium deposits in the region, including American Lithium, American Battery Technology Company, Ioneer, and Century Lithium.
• Field activities include geological mapping and sampling, followed by reverse circulation drilling to test for claystone-hosted lithium mineralization upon completion of drill permitting from the Bureau of Land Management.

2023-06-05 08:29:00

WC1: Excellent Rare Earth Assays in Final Salazar Drill Results

WEST COBAR METALS LIMITED

• Outstanding rare earth assay results support extensions to the north and south of the Newmont deposit, increasing confidence in the Salazar Project.
• All 283 phase 1 aircore drilling results are now in, with impressive TREO concentration measurements in both Newmont deposit and O'Connor Prospect areas.
• Upgraded Mineral Resource estimate, leach test work results, and expanded granted Salazar Project tenement area expected in 2023.

2023-05-29 08:24:00

WC1: Further High Grade REE Clay Mineralisation at Salazar

WEST COBAR METALS LIMITED

• West Cobar announces high-grade near-surface REE assay results from additional 37 holes in their 283-hole aircore drill program.
• AMC is engaged to upgrade the Inferred Mineral Resource at the Newmont deposit during Q2 2023.
• Sample results from 86 holes are still in assay process, with remaining results expected during May 2023 due to laboratory delays.

2023-05-03 09:14:00

WC1: Exploration Activities and Operational Update

WEST COBAR METALS LIMITED

• Assay results from Salazar REE project expected before month-end, with AMC Consultants engaged to upgrade the existing resource in May 2023.
• Nevada Lithium project drilling planned for Q3, 2023 at Montezuma Well and Big Smoky Valley claims.
• Field activities at Hermit Hill Lithium Project in Northern Territory to commence after the wet season.

2023-04-17 09:06:00

WC1: Salazar REE Project Metallurgical Testwork Update

WEST COBAR METALS LIMITED

• Metallurgical testwork on Salazar REE Project's mineralisation is well advanced and shows potential for acid leach extraction at low temperatures.
• Australian Nuclear Science and Technology Organisation (ANSTO) is engaged to optimize leach test results using hydrochloric and organic acid.
• West Cobar Metals collaborates with Nagrom and the ARC Centre of Excellence to conduct additional front-end beneficiation trials.

2023-04-12 08:20:00

WC1: More High-Grade REE Clay Mineralisation Results

WEST COBAR METALS LIMITED

• Assay results received for 83 additional holes from the maiden aircore drill program at Salazar Rare Earths Clay Project, with significant results found in Newmont deposit and O'Connor area.
• A total of 164 out of 283 holes have been analyzed, with sample results for the remaining 119 holes expected in April due to laboratory delays.
• An Inferred Newmont Resource update will be produced in June Quarter, integrating assay results with historical data.

2023-03-30 08:38:00

WC1: Prime Lithium Exploration Ground Staked in Nevada

WEST COBAR METALS LIMITED

• West Cobar stakes 242 mining claims in Nevada, USA for lithium exploration
• Prospective areas located within the Nevada lithium district with similar geology to major lithium deposits in the region
• Ground exploration and drilling planned to test for lithium mineralisation in claystone deposits

2023-03-24 09:18:00

WC1: Cobar West Land Access Update (NSW)

WEST COBAR METALS LIMITED

• West Cobar unable to access project due to landowner dispute
• Following prescribed process for mediation and arbitration in NSW
• Legislated processes can take 4-6 months and incur costs of $50,000 to $150,000

2023-03-17 09:48:00

WC1: More High-Grade Results at Salazar REE Project

WEST COBAR METALS LIMITED

• West Cobar Metals Limited has announced additional high-grade results from its 283-hole aircore drill program at the Newmont and O’Connor Rare Earth Element (REE) clay prospect.
• Results include 34m of 2337ppm TREO from 7m, including 2m of 1.1% TREO (10,963ppm TREO) from 28m in SZA0702.
• The remaining assays are expected to be received during March 2023 with an Inferred Resource update expected during Q2 2023.

2023-03-01 09:12:00

WC1: Exploration and Operational Update

WEST COBAR METALS LIMITED

• Results from maiden drilling at Salazar Rare Earth Elements (REE) Clay Project in southern Western Australia due before month end.
• Beneficiation testwork on Salazar ore progressing well with technology partners.
• Diamond holes to be drilled at Bulla Park Copper Project (NSW) in June 2023 quarter, and planning underway for commencement of field activities at Hermit Hill Lithium Project in Northern Territory.

2023-02-22 09:18:00

WC1: High Grade Results From AC Drilling at Salazar REE Project

WEST COBAR METALS LIMITED

• High grade REE assay results received from the first 13 holes of a 283-hole aircore drill program at the Newmont and O’Connor REE clay prospects.
• Exceptionally high heavy rare earth oxide, magnetic rare earth oxide (including terbium and dysprosium) with 1103ppm HREO over 34m, including 9487ppm HREO over 2m in SZA070.
• Assay results to be integrated with historical data, with Inferred Newmont Resource update expected during Q2 2023.

2023-02-06 09:11:00

WC1: Phase 1 Drilling Completed at the Salazar REE Project

WEST COBAR METALS LIMITED

• West Cobar Metals Limited has completed its phase 1 air core drilling program at the Salazar REE Project.
• 283 air core drill holes for 9,342 meters were completed at the Newmont and O’Connor prospect.
• Samples were dispatched to Bureau Veritas, with assays expected during February and March.

2023-01-24 09:18:00

WC1: Drilling Recommences At The Salazar REE Project

WEST COBAR METALS LIMITED

1. West Cobar Metals has recommenced its 9,000- meter air core drilling program at the Salazar REE Project in the Esperance region of Western Australia.
2. 83 air core drill holes for 2,781 meters completed before Christmas break.
3. First batch of samples have arrived at Bureau Veritas and are being prepared for analysis, with assays expected during Q1 2023.

2023-01-09 11:13:00