Multi-Commodity Approach to Drive All Future Companies, Says Labyrinth Resources CEO

While Labyrinth Resources (ASX:LRL) remains focused on gold, the company is also pursuing other potential minerals that its properties may provide, according to CEO Jennifer Neild.

The Australian company is currently embarking on a “back-to-basics” approach to explore for lithium and nickel at its Comet Vale gold project in Western Australia. Neild noted that savvy investors now see exploration assets as a whole, with multiple potentials.

“If you walk away from some of these properties, you’re missing a huge opportunity. Because right now, there’s a lot of easy stuff near surface that’s been found. Some could argue there are still more opportunities there. But until you flip everything on its head, there’s not going to be more big discoveries (to be) found,” Neild explained.

Labyrinth Resources is following up on multiple structures at the Comet Vale project, according to Neild. “Some of the old data is missing a lot of elements that are really important in building a story that’s a bit different from what was known,” she said.

Preliminary field work completed at the Comet Vale gold project highlighted gold, nickel, copper and cobalt anomalies that needed boots-on-ground confirmation and had not been previously looked at by the company.

“We’re looking at structures and just checking up on potentials. Sometimes these things were ignored because they’re too thin or they don’t have grades at surface. But structures continue on many kilometres and there might be grades in different parts of it. We know these things are nuggety — these things pinch and swell. So we need to be very open minded.’

Watch the full interview with Labyrinth Resources CEO Jennifer Neild above.