Riva Resources Limited (ASX: RIR) (To be Renamed Hylea Metals Limited) – Near TermCobalt & Scandium Upside


March 11, 2018
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Riva’s immediate focus will now be on activities, including drilling to work towards an initial Mineral Resource Estimate (“MRE”), with positive drilling results and initial resources being a key value driver for similar companies. Given the shallow and generally laterally homogenous nature of the mineralisation, defining an initial resource should be reasonably rapid, and involve either shallow relatively low cost reverse circulation (“RC”) or aircore drilling.