Comet made the initial discovery of near pure nickel metal balls (of around 93 wt% Ni and < 5 mm in diameter) within soil and drainage sediments. Comet’s Titan Nickel Project is a Nickel occurrence that also contains high levels of Ilmenite (iron-titanium oxide) and strategic minerals such as Niobium and Beryllium.
The deposit at this point appears to be a unique discovery, as we presently understand it, that has all the indications of being a very large system indicative of a new mining province.
Whilst operating under severe restrictions during the COVID-19 lockdown Comet was able to complete almost 14,000m of auger drilling. As work has progressed to better understand the Nickel deposit and find the optimal way to extract the Nickel, we have discovered several high-grade deposits of Lithium.
In addition to high Lithium values having been returned from the laboratory, other Critical Minerals have also been recorded in significant grades including Rubidium (up to 1.3%), Niobium (7.9%), Beryllium (0.18%), Boron (2.3%) along with Tantalum (8.2%), Tin (50-60%) and Titanium (15.7%). These are minerals much sought after across world markets.
The Comet exploration work was widened to the surrounding tenements held by Basin and Range. The three companies have confirmed significant high grade Lithium deposits as a Tier 1 mineral discovery of global significance.
The technical team has identified 29 high priority targets containing lithium ore (spodumene) at surface. Grades of lithium oxide (Li2O) have averaged over 2% through independent laboratory analysis undertaken by specialist laboratories operating to global best practice standards in Perth, Australia.