Welcome to Cohiba Minerals Limited
Cohiba Minerals Limited is listed on the Australian Securities Exchange (ASX) with the primary focus of investing in the resource sector through direct tenement acquisition, joint ventures, farm in arrangements and new project generation.
The Company has been focused on identifying resources based projects for acquisition, with the view of generating value for Shareholders.
Santy Well Project – Farm-in
The Santy Well Project is located about 440 kilometres north of Perth and about 60 kilometres north of the regional township of Mullewa and is considered to be prospective for precious and base metals mineralisation associated with the Tallering Greenstone sequence in the Mid West region of Western Australia. The geology of the host Tallering Greenstone sequence and other greenstone sequences in the Mid West region supports the development of base metal and gold mineralisation, as demonstrated by the presence of the Golden Grove base metal, Gullewa gold – copper and Minjar gold deposits in adjacent greenstone sequences.
The Company has entered in to the Farm-in Agreement to acquire the exclusive right to earn an initial 50% interest in the mineral rights (other than iron ore) within two granted tenements in the Mid West region of Western Australia from West Peak Iron Limited through the sole-funding of $100,000 of exploration expenditure.
In the short to medium term, the Company intends to undertake the following:
- Commence a detailed exploration program at the Santy Well Project (scheduled for the March Quarter 2012); and
- Consider and evaluate potential projects acquisitions.