Cosmos Metals managing director James Merrillees believes the junior is well placed to unlock the potential of its Kanowna gold project in the Goldfields.
Mineral exploration company Cosmo Metals has elected to exercise its option to acquire 100 per cent of the Kanowna gold project from La Zarza Minerals, subject to shareholder approval.
Cosmo Metals announced on Wednesday it plans to acquire complete ownership of the Kanowna gold project from La Zarza Minerals, after signing a terms sheet.
Great Boulder Resources has lodged a prospectus to raise funds for copper-nickel-cobalt spin-out, Cosmo Metals ahead of a proposed listing in the new year.