What The RNS Essentially Said Today13 May 2025 07:56
What Alex is Really Saying (between the lines):
• “Rulikha Deposit” (the known one):
It’s decent (14.3Mt @ 1.2% Cu, 3.5% Zn), but not world-class—good enough to justify further work, but not a Tier 1 on its own.
• “Undrilled IP anomaly” (north of Rulikha):
This is where the real upside lies. The anomaly is large, strong, and open, suggesting the potential for a major discovery. This could materially expand Rulikha or reveal a new standalone system.
• “Same unit as Artemyevsky (50Mt+)”:
He’s drawing attention to the company Rulikha keeps geologically. Artemyevsky is a genuine Tier 1 deposit, and if this system is linked geologically or structurally, it raises the ceiling significantly.
• “All permissions in place”:
They’re ready to go. No red tape, no delays—so if they have something big, they can move fast.
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Translation of the Pitch:
“Look, we already have a solid base deposit. But this new IP target is a game-changer. It could be as big—or bigger—than the proven 50Mt deposit next door. And we’re ready to drill it now.”
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This is a classic junior explorer narrative:
• Start with a known small/mid-size asset,
• Identify a much larger untested target nearby,
• Link it geologically to a Tier 1 deposit,
• Raise expectations just before drilling