Lykos Metals Limited (ASX:LYK)
1. About
Lykos Metals Limited (ASX:LYK) is a resource company focused on battery metals exploration and development in Europe.
Lykos Metals is focused on three projects located in Republika Srpska, Bosnia and Herzegovina:
Sockovac Project
Prospective for nickel, cobalt, copper, gold, silver, lead and zinc. The project was subject to historical drilling and surface exploration in the 1960s-1970s and more recent soil and rock chip sampling and reconnaissance in 2021.
Sinjakovo Project
Prospective for copper, cobalt, gold, iron, lead, silver and barite. The project was the subject of small-scale historical underground mining in the 19th century, with surface exploration in the mid-20th century and more recent soil and rock chip sampling and reconnaissance in 2021.
Cajnice Project
Prospective for copper, gold, lithium, rare earth elements, lead, zinc and silver. The project was subject to historical exploration in the mid-20th century and more recent rock chip sampling and reconnaissance in 2020-2021.
The Projects have a long history of mineral discovery and extraction but remain largely unexplored by modern geological exploration methods. The historical data that has been collated by the Company points to significant exploration potential, in particular for the key battery metals needed for the worldwide energy transition, as well as precious and other base metals.