Koba Resources (ASX:KOB) announced financial results for the quarter ended 30 September 2022.

IP surveying at the Blackpine Project during the quarter delineated multiple strong, undrilled chargeability anomalies over 4km of strike.

The IP anomalies are coincident with strong cobalt-copper soil anomalism hence are highpriority drill targets.

Koba undertook the first drill program in 25 years at the Blackpine Project to target historical mineralisation and new IP anomalies.

Koba staked mining claims covering ~145km2 immediately along strike from the Tanco Mine ? Canada?s only operating lithium mine, where reserves comprise: 7.3Mt @ 2.76% Li2O.

Extensive pegmatites have been mapped within the Whitlock Project.

Potential to discover high grade lithium.

Following the announcement the company?s share price rose 8.823%.