RE: Nice 13.5 million buy !6 Nov 2024 10:27
Mike we were both wrong! No Au, no Nb. It was Rb that was found with the Li rather than Nb, luckily its much higher priced than Nb! They did say that there was also potential for Ni and Va associated with the pegmatites too.
"Nickel and Vanadium Potential:
The Shephards Discordant Zone (SDZ), which runs the length of tenement E 59/2119 from north-south, represents a significant break in the igneous stratigraphy of the Windumurra Igneous Complex. This unit, associated with large vanadium deposits (in magnetite-bearing gabbros) at the Atlantic Vanadium Pty Ltd's Windimurra Vanadium Mine to the north, offers very prospective ground for magmatic vanadium and nickel (+/- Cu-Co-PGE) type mineralisation on the Project. Samples CGRX001 and CGRX002 were collected from the upper zone of the Windimurra Igneous Complex in the northern portion of the Project and returned assay values of 600 ppm Ni and 1.18% V2O5 and 230 ppm Ni and 0.51% V2O5, respectively. Notable nickel and vanadium results are presented in Appendix IV."
Results look like they could do with some follow up drilling to confirm the Li and Rb grades.
Regards,
Ed.