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brotherjoey,
found a similar report to the one you've posted but looks to be newer (2018)
https://orca.cf.ac.uk/112128/1/Critical%20Controls%20on%20the%20Formation%20of%20Contact-Style%20PGE-.pdf
All a bit confusing to me, but the table shows Rhodium ... not sure if this is anything or not.
Maybe worth casting an eye over.
Rowka,
When you say MT, where are you referring to. As you are surely not talking about the flanks or the exclusivity 5km area?
The research shows it to reside in the MT Travyanaya area so the Rhodium (present in very small amounts as seen in Table 7 of the second link) can be found there - but it’s not within our licence area so it is in the surrounding Monchetundra area- but it isn’t in EUA’s mining licence or area - hence why it has not been RNS’d.
Check the maps and the tables to show where the Rh is found - not relevant to a sale in 2020. Best stick to what is actually in our licence right? As anything outside won’t be noteworthy
Thanks for the information Brotherjoey. A quality and considered post as always.
... or the general area, which also includes the areas outside of the licence
Overall I think the PGM basket at MT is still phenomenal in its own right. Any trace amounts of Rh will certainly help but will be minuscule compared to the other PGMs. The upgrades in resources seem to have been missed by the market, and the excellent presentation gives us more numbers and detail to work with. Once again EUA have smashed it and I’ve a feeling many dreams will come true this year, hoping for £1+ but I will be happy with whatever the BoD will achieve, as I know they’ll be getting us ‘the best deal on the table’
Seeing a lot of talk referenced by some articles which make for a good read regardless, however, there may be some confusion when analysing them. To my knowledge, there is no significant amount of Rh in our licence area at MT. Yes, at WK we have Rh, but it’s incorrect to say we have Rh at MT. Especially in the amounts some on here are suggesting. EUA have plenty in the ground, it would be wrong to try and suggest there was more there than actually is. We don’t need to ramp this now, just need to look at what’s given to us in the RNS.
I’ve yet to see a definitive price of information to show copious amounts of Rh that fall in our licence area.
Having a look at the link:
https://www.researchgate.net/publication/225532839_Assemblages_and_genesis_of_platinum-group_minerals_in_low-sulfide_ores_of_the_Monchetundra_deposit_Kola_Peninsula_Russia
“PGM assemblage in the layered rocks of zone are minerals of the braggite–cooperite–vysots-kite series..In addition, sperrylite, and LESS ABUNDANT hollingworthite and native gold/silver are noted in orebodies (Table 1).
The most diverse &unusual PGM assemblages found in orebodies of zone 2 localized in the Monchetundra Fault Zone. Their variety has been caused by the long-term mineral-forming process.
In addition to the known PGM species, previously unknown mineral phases, submicrometric and nano-sized PGE aggregates, whose composition is NOTquantitatively detectable, are widespread in this zone.”
Hollingworthite, platarsite, keithconnite (&others) names in figure 3(a)-(f) show any (small) quantity of Rhodium to exist only in certain areas - definitely in no significant quantity (or else EUA BoD would have mentioned this several times)
Therefore, it is misleading to state we have Rh at MT, maybe widespread in the area - but specifically in our Flanks area? Or at least 5km?
Taking a further look at 2-3 docs posted it’s clear than the Rhodium present a) falls outside the area and b) in minute quantities (compare the relative quantity to Palladium. 24500 parts/billion Pd at Nittis compared to 5-6 for Rh. In other places hits 101 ppb for Rh)
Link: https://orca.cf.ac.uk/108748/1/2017karykowskibtphd.pdf
TABLE 7
The Rh is shown to be in the Mt Travyanaya region, which is located both outside of the Flanks exploration licence & even outside the 5km exclusivity radius.
So yes there is Rhodium present in the general Monchetundra area. But the question in being relevant to Eurasia being is it in large quantities and (more importantly) is it even in our licence area?
Better to stick to what’s given to us in the RNS. There clearly is not as much Rh as has been speculated, and I think it’s misleading and incorrect to try state otherwise. There’s potential for the general area, but I have to ask, is this information being regurgitated without distinguishing what is actually in our licence area (hence relevant to a sale in 2020) or the general area, which also includes the areas outside of th