Hylea tracking cobalt find at Tiger's Creek

JUNIOR company Hylea Metals claims its Tiger’s Creek project in New South Wales is “emerging as a significant discovery” featuring cobalt, platinum, nickel and scandium.
Hylea tracking cobalt find at Tiger's Creek Hylea tracking cobalt find at Tiger's Creek Hylea tracking cobalt find at Tiger's Creek Hylea tracking cobalt find at Tiger's Creek Hylea tracking cobalt find at Tiger's Creek

Cobalt, nickel, scandium and platinum being targeted in wheat country, New South Wales.

The project, located up the road from Clean TeQ's Sunrise, Australian Mines' Flemington and Platina's Owendale, has returned a string of drill assays grading 0.1-0.17% cobalt (plus the other elements), over widths of 7-15m from near surface.

The drilling also had success 1.5km from Tiger's Creek with 5m grading 0.13% cobalt (plus nickel and platinum).

Hylea is estimated to have cash of about A$1.3 million.

The company was previously named Riva Resources.

It appointed David Berrie as its MD back in February, with Berrie having a background featuring Paladin and BHP/WMC.

Shares in Hylea were up 12.5% to 0.9c in morning trade, capitalising the company at $17 million.

The stock is up from levels around 0.3c 12 months ago.