Cosmo Metals Limited announce that RC drilling has commenced to test the high priority Minjina Prospect. Minjina is located approximately 900m north of Mt Venn copper-nickel-cobalt deposit within Cosmo's Yamarna project located east of Laverton in the Eastern Goldfields of Western Australia. Contractor Blue Spec Drilling has been engaged to drill the 1,500m RC program which will include up to seven holes into Minjina and another two holes into targets at the Eastern Mafic Project.

The Minjina target was identified from interpretation of a moving loop electromagnetic (MLEM) survey, which targeted a strong downhole EM (DHEM) conductor `off-hole' from historical drill hole 17MVRC004 which intersected: 12m @ 0.8% Zn, 3.3g/t Ag & 0.16% Pb from 48m, including o 2m @ 2.13% Zn, 3.56g/t Ag & 0.39% Pb from 58m. The recently completed MLEM identified several distinct conductive plates coincident with widespread copper anomalism in historical soil sampling1. The Minjina target is located some 300m from the nearest drill hole at Mt Venn.

The RC drill program will take approximately two weeks to complete, and the Company will conduct portable XRF analysis on an ongoing basis during the program to confirm mineralised zones and assist with logging. Laboratory assays will be released as they come to hand, and all holes will be cased for future DHEM surveys.