New Tech has an option to acquire a 100% interest in permits to explore more than 9,000 acres in Southeast Missouri, within 10 miles of three of the largest historical producers and resources of cobalt in the USA:
Mine LaMotte produced 75.9 million lbs of cobalt grading 0.14%, Higdon Mine has a reported historic resource of 43.12 million lbs of cobalt grading 0.23%, and the Madison Mine has a historical resource of 45.1 million lbs of cobalt grading 0.31%.*
The amount of cobalt produced and the historical resources reported , make this district prime for further investigation, and New Tech’s project area is virtually unexplored in modern times offering exceptional discovery potential for new cobalt deposits.
(*USGS Historic estimates 2015)