Koba Resources Limited has commenced its maiden drilling program at the high- grade Colson Cobalt-Copper Project in Idaho, USA. This initial program will continue through until August before the drill rig moves to the Blackpine Cobalt-Copper Project, just 40km to the southeast. Drilling at the Colson Project will target a series of large, strong induced polarisation (IP) geophysical anomalies, delineated during a 2018 survey at the Long Tom and Rattlesnake Prospects. The strong IP anomalies coincide with strong cobalt-copper soil anomalies including very high-grades up to 0.11% cobalt and 0.39% copper. The undrilled prospects are along strike from known high-grade mineralisation within historic underground workings at the Salmon Canyon Prospect, where several hundred tonnes of copper-cobalt-gold bearing ore were mined between 1964 and 1979. The program will also follow up on high-grade cobalt-copper results from a 2018 drill program that began to test the extensions of the mineralisation evident in the historic underground mine at the Salmon Canyon Prospect. Subsequent IP surveying revealed the mineralisation at the mine coincides with modest IP anomalies and that stronger anomalies that were delineated down dip and along strike may result from thicker and/or higher-grade mineralisation. The Colson Project lies within the Idaho Cobalt Belt which is one of the western world's premier cobalt districts. It is just 25km northwest of both the historical Blackbird Cobalt-Copper Mine, that produced 5Mt at 0.6% cobalt and 1.5% copper1 up to 1968, and Jervois Global's Idaho Cobalt Operation where resources comprise 6.8Mt @ 0.42% cobalt, 0.64% copper and 0.51 g/t gold2 and where first production is scheduled for the second half of 2022. Historic production at the Salmon Canyon Mine took place between 1964 and 1979, with 650m of underground development and several hundred tonnes of cobalt-copper-gold ore produced. Better results from underground sampling programs include: 2.5m @ 5.33% Cu, 0.59% Co and 2.24 g/t Au; 1.3m @ 6.16% Cu, 0.35% Co and 2.54 g/t Au; and 1.8m @ 2.99% Cu, 0.31% Co, 3.48 g/t Au and 27.7 g/t Ag. During 2018 New World Resources Limited completed a drill program to test for extensions of the mineralisation within the underground workings at the Salmon Canyon Prospect. The 12-hole program demonstrated the mineralisation at Salmon Canyon extends along strike and there remains potential to discover additional mineralisation. The 2018 program returned high grade cobalt-copper results including: 5.5m @ 0.20% Co, 0.69 g/t Au; incl. 0.3m @ 1.26% Co, 0.17% Cu, 2.95 g/t Au; and
incl. 0.7m @ 0.49% Co, 0.30 g/t Au. 3.4m @ 0.04% Co, 1.51% Cu, 0.31 g/t Au; and 0.7m @ 0.01% Co, 2.1% Cu, 1.13 g/t Au.