Resource Investing News
Precious Metals Investing
Base Metals Investing
Battery Metals Investing
Technology Investing News
Cannabis Investing News
Company News
Featured
Interviews
INNvestor Reports
Australian Companies
About INN
INN Contributors
uranium investing
See our exclusive index of companies on the move:
Explore Stocks- Top Stocks
- Top Australian Gold Stocks
- Top ASX Copper Stocks
- Top ASX Nickel Stocks
- Top ASX Rare Earth Stocks
- Top Battery Metals Stocks on the ASX
- Top Australian Lithium Stocks
- Top Graphite Miners on the ASX
- 10 ASX Cannabis Stocks
- Top ASX Tech Stocks
- Top AI Stocks on the ASX
- On Site
- About Australian Cannabis Investing
- About Australian Resource Investing
- About Australian Tech Investing
- About Australia Investing
- Of Interest
- ASEAN-Australia-New Zealand Trade Agreement
- Association of Southeast Asian Nations (ASEAN)
- Australian FAQ on ASEAN
- Australia Government on Foreign Investments
Copyright 2021 All Rights Reserved.

Comet Resources Ltd is pleased announce the Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2019.
Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased announce the Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2019.
Highlights
- Diamond drilling program assays completed with multiple broad zones of shallow, high-grade graphite results released over the December quarter incl. 57m @ 22.38% Total Graphitic Carbon (TGC) (ASX 17 Oct 2019), 17m @ 16.55% TGC (ASX 24 Oct 2019) 10.9m @ 10.61% TGC (ASX 25 Nov 2019) and 42.5m @ 17.02% TGC including 3.23m @ 51.02% TGC (ASX 28 Nov 2019)
- Appointment of Matthew O’Kane as Managing Director (ASX 12 Nov 2019)
- Capital raise of $562,500 before costs completed (ASX 19 Nov 2019)
- Highly experienced specialist teams engaged to conduct Aerial Electromagnetic (EM) survey, diamond drilling and metallurgical testwork (ASX 10 Oct 2019)
- EM completed, providing strong dataset to optimise graphite exploration efficiency by targeting shallow, high-grade, graphite (ASX 15 Oct 2019). Survey identified priority graphite targets in close proximity to Resources and 18 kilometres of strike length
- Metallurgical test work on diamond drill core underway in Perth. Initial results expected in Q1 2020.
- R&D Grant funding submission completed and submitted to Australian Government.
Post Quarter End
- Announcement of proposed acquisition of the Barraba Copper Project in Northern NSW as part of a strategy to obtain further assets that share graphite’s exposure to the forecast growth in battery commodities required to support the de-carbonisation of the global transport network (ASX 23 Jan 2020)
- Receipt of R&D Grant payment of $480k
CRL:AU
Featured
Global News
Top News
FEATURED STOCKS
Global News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.