CANADA COBALT EXPLORATION ASSETS
| Canadian Projects | Area (km2) |
|---|---|
Elk Lake Fabré Gowganda Iron Mask & Cobra Island 27 McAra Shining Tree White Lake White Reserve Wilder Yarrow | 147.8 18.1 152.0 103.4 21.9 229.1 24.6 86.2 134.2 122.3 4.3 |
| Total Canada | 1,100 |
COBALT
BMR controls the largest area of mineral exploration claims in Ontario, Canada. In Canada, the Company controls a district-scale land package of 1,100 km2 in the Ontario Cobalt Belt hosting multiple high-grade targets. It is the largest area of mineral exploration claims in North America. Further, our McAra prospect currently hosts the largest reported cobalt Mineral Resource in Ontario, which is derived from just a fraction of the land area under the company’s control in the district.
BMR’s Canadian land package is located west of the historic silver mining town of Cobalt and north of the Sudbury Basin. Exploration in this area has been primarily focused on silver and we believe that the area is underexplored for Cobalt.
BMR's cobalt projects have numerous prospects with cobalt grades ranging from 1-21%. The company's objective is to locate and develop multiple high-grade cobalt deposits with a view to processing cobalt minerals at a central processing facility in the district.