International Mineral Exploration & Drilling
Cougar Metals NL is a global explorer listed on the Australian Securities Exchange (ASX:CGM). The Company holds an interest in gold, lithium, graphite and nickel projects in Australia, Brazil, Canada and Madagascar and operates a contract drilling business in Brazil, GeoLógica Sondagens.
The Company is actively advancing its graphite interests in Madagascar and Lithium prospects in Brazil. The company has an interest in a gold prospect in Canada and holds the rights to the Pyke Hill Nickel and cobalt laterite resource near Leonora, Western Australia.
The Company is currently commencing a Scoping Study on the Toamasina Graphite project in Madagascar which the Company believes to have significant potential to deliver an early cash flow to the Company, through the development of a low cost/high quality graphite project.
The Pyke Hill Nickel Project is located 40km southeast of the World Class Murrin Murrin Nickel Operation. Cougar holds the laterite nickel and cobalt rights at Pyke Hill and published a Measured and Indicated Resources of 14.7 Mt @ 0.9% Ni and 0.06% Co in March 2008.
The Company’s drilling business provides surface diamond, reverse circulation and RAB drilling services throughout Brazil.