George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Too much to cover in the update but main takeaway, for me: geowork, in partiular potassium radiometrics, has proven their modelling concept and they're now targetting a Haile-like resource made of multiple closeby deposits.
The below article gives a brief overview of the geology at Haile and I think what is striking is the gold mineralisation associated to K feldspar, which we also see at JKL. Penultimate paragraph - "Mineral zonation is a quartz-sericite-pyrite±K feldspar±gold ? sericite ± pyrrhotite ? propylitic". This led to the recent discovery of Loflin South, which was some of the highest grades seen across JKL. Fantastic use of pathfinder elements to locate gold-bearing ore. Previous use of magnetics & chargeability data was useful but as seen in Loflin MRE, some sulphide bearing rock is devoid of any gold. Infact, its the demagnetised rocks coupled with potassium signatures that are the most promising. Really just following the Haile playbook.
https://portergeo.com.au/database/mineinfo.asp?mineid=mn536
Haile is 3m+ oz @ 1.71g/t Au. Now look at the exploratory targets compared to the current JKL resource, both expansions and satellite targets - truly looking at a potential Haile-size play. This is gunna be a wild 2017. Floor looks to be 5p placing too!
Another great RNS. Those that are invested here are looking forward to 2023 when maybe we prove up more resources and become even more attractive to one of the big boys nearby
Just what you were requesting a few weeks ago Ippy!!! It seems they are listening. Plenty to chew the cud over during the Xmas New Year break!!! Lots of diagrams etc. I am sure you will be giving them a very thorough once or even twice over!!!
Onwards and Upwards!
Holy cr4p, what an update! Will need to digest but will post thoughts later.
Nice to see an update regarding Jennings Pioneer. Hopefully see some good sample results in the New Year.
Firesale lol
Firewall ended yesterday, onwards and upwards hopefully past 11p soon ??
Who knows, all positive news though.
Good luck all
ALWAYS BELIEVE
YNWA
Hi BurtonD
Are you able to upload the PDF please as the link appears to only be for professional clients.
Thanks
Mr. Long, I have often wondered what your agenda is here. The accusations fly about corporate plants etc. However, everything I have put on here is backed up by the original back door listing prospectus and RNS's subsequently. Not a whiff of insider stuff!! Iptuf has found some very interesting historic stuff from Revolution and Orford. Frankly, I think everyone who participates here, unless they suspect that we are all being duped, which I accept, is a possibility, though unlikely, should be acting in good faith to add to the circle of knowledge about LEX which is to the benefit of all holders. As for me, yes, this is a big position for me relative to my meagre wealth, but I am taking my risks along with all other holders and at the same time, hoping to add to the knowledge pool by interpreting what's out there. If you're still a holder then you will benefit too. If you are not, perhaps you will just leave us alone to continue our self delusions......
I am sure that we are all singing from the same hymn sheet!!! Let's hope for a good week in the markets!!! Happy hunting!
Not multiple personalities, just multiple logins...
Oh no, now I'm being accused of having multiple aliases by a "holder". Always thought my posts were fairly balanced, backed by facts but I guess you know better. Last thing you want to do is get attached especially considering you think its a dog but glad you're "up" after going quiet at 2p.
Genuinely note, always good to see people making money in these tough markets.
Ahh!! Mr. Long. Welcome back to the land of the LEX living. Glad you seem to appreciate the crap. It seems you have been quiet as the stock was going up and have been stirred back into action by yesterday's correction!! Glad to see you're making a profit on this dog with fleas. Perhaps, its becoming a bit more of a thoroughbred these days. Time will tell. I honestly thought you had sold out at around 2p. Glad you were listening to Iptuf and his sidekick Rosie and went against your baser instincts!!
On a slightly more serious note, LEX is correcting and consolidating following a 300% rise from 2p. Now we're waiting for guidance on the next drilling program and the expansion of our resource, which, by the way, is now commercial and marketable. Not to mention the potential acquisitions that are being touted. Still plenty to look forward to... Hoe you stay on board Mr. Long. The ride is just beginning....
Yep I'm a few thousand up at the moment, thought about selling but I've had these shares so long I've become attached, even though it's a smelly dog. AND it gives me reason to read the crap you and your alter ego (rosetintedspecs) post.
Not seen you comment in a while Mark. We've done close to 200% since we last heard from you. Hope you were able to make a return on your investment over the last few weeks?
Some don't fancy 11p then
Tbf some must have made good profit last 6 months
Looks like everyone is selling up. Doubt MMs are worried about being short. Quite the opposite.
https://www.whirelandplc.com/research-portal#/portal/whireland
Just logged in to their research site. There are two bits of research there. 1. A newsflash about the JORC reserve, on one page and 2. A 17 pager with lots of details and history etc. First glance, looks good, they like the strategy, like the area, like the expansion prospects etc. Target 11p+
Sell on news won't stop momentum here. They're happy to take serious volume so we know its a matter of time after some consolidation before we fill that gap to 7p. 8.5p still looks good here given possible transaction news on the horizon.
Maybe it's been a case of buy the rumour, sell the news and that's why a slight decline in the SP today. I'm not surprised, especially with the odd historical moves in the share.
Hoping WHI can successfully bring this to a wider audience soon and then the SP will start moving up to where it deserves to be - at least 7p!
excellant news this morning...
and maybe an acq to follow soon
That is a monster RNS
I can see it 7.5 to 8p today. Maybe better. But the known unknown is WH Ireland who, as I alluded to earlier. They bring a whole new kind of client to the table... HNWs, institutions, retail, all sorts. That can only be positive..
Potassium linked to all mineralisation really important. Basically use this pathfinder element to delineate other interpreted targets.
Amazing results for the co, absolutely smashed their target Jorc!
This is now a commercial mine.. A few of the big boys in the surrounding area will certainly be running the slide rule over LEX.