Caribe Metals
Australian Mining Company
Caribe Metals is a developing mining company that has secured title over two significant projects in Cuba.
Caribe Projects
El Cobre, Copper/Gold
Located in the south-eastern part of the country, it has a large existing resource of approximately 10.3Mt with high copper grades averaging 1.8% including gold mineralisation with grades as high as 4g/t. A Certificate of Dominion over the El Cobre Project and associated areas was granted on the 24th of February 2020 allowing the holder full access rights to minerals, water and mining and redefining the asset parameters via new drill program.
Cajalbana, Nickel/Cobalt
Situated in the north-west of Cuba. It remains the only nickel prospective area in this part of the country with all previous production occurring in the eastern provinces (Sherritt with the Moa project as an example). Preliminary estimates provided by the Cuban Government provide for a projected annualized production of 20,000 tpa of nickel and 2,000 tpa of cobalt. Previous work on the project provide for an initial estimate of 51Mt of ore with a 1.1% nickel and 0.06% cobalt containing 535,500t of nickel and 30,600t of cobalt respectively.
