Cosmo Metals Limited announced results from interpretation of a ground geophysical survey (MLEM) at the Minjina Prospect, on the Company's Yamarna Cu-Ni-Co project east of Laverton in the Eastern Goldfields of Western Australia. The MLEM survey at Minjina was designed to follow up a downhole EM (DHEM) anomaly associated with historical drillhole 17MVRC004 which intersected2: 12m @ 0.8% Zn, 3.3g/t Ag & 0.16% Pb from 48m, including 2m @ 2.13% Zn, 3.56g/t Ag & 0.39% Pb from 58m. Cosmo's August DHEM survey at 17MVRC004 & hole 17MVRC0019 (400m to the east) identified a strong off-hole conductor untested by drilling3.

This conductor is associated with widespread copper (Cu) anomalism identified in surface sampling, and to constrain the modelling and reveal the strike extent of the DHEM anomaly a MLEM survey was collected over Minjina with four lines collected using an ARMIT sensor. The ARMIT sensor is designed to operate with lower noise levels than other EM technologies and is considered better able to penetrate conductive cover and potentially to deeper levels below the surface. This is the first time that an ARMIT sensor has been used at Yamarna and modelling and interpretation of the MLEM survey was completed in collaboration with the Company's geophysical consultants Newexco Exploration Pty Ltd. Two, 300m deep angled drillholes have been planned to test these targets and an additional five holes have been sited to test for less conductive (but potentially mineralised) positions up-dip of and along strike from the two modelled conductors.

Review of the anomalies revealed that the northern anomaly (modelled plate 9300_1 lt) is also associated with a discrete magnetic high which is interpreted to represent a more pyrrhotite-rich part of the Minjina target. The southern anomaly (8900_1 lt) is interpreted to be a continuation of the Mt Venn orebody, 300m north of the nearest drilling at Mt Venn. Neither anomaly is visible in airborne EM (AEM) surveys - largely reflecting shortcomings of the airborne systems in detecting buried massive sulphide targets -which supports the Cosmo technical teams' view that AEM historically flown in the region has only been partially effective, potentially opening other areas in the Mt Venn region for targeted ground surveys.