RE: Munni Drill rig !!30 Sep 2022 11:06
Just after the SP went to 3p in Oct 2020 the Turner Pope Research note mentioned about acquiring Munni Munni North:
"The acquisition of ELA 47/4422 was also very recently announced and work has begun to collate and review the data associated with this large area, some 117 Km2, which wraps around the Elizabeth Hill Mining Licence and a major palladium/platinum (‘PGM’) deposit along with 2m ounces of gold, Munni Munni, on which Empire Metals plc (AIM:EEE) has been attempting to gain control. This constitutes an excellent new land holding for the Group with multiple targets in this fast-developing region of Western Australia. This is particularly relevant given that PGE prospects the size of Munni Munni can presently only be found in higher risk locations, such as Africa, Russia etc. and Alien now has secured the Ferguson Reef ‘extensions’ to the deposit."
July 2020 (when UFO SP move up significantly) was when Platina took ARV to the High Court to stop them vending 40% to EEE. Then it got resolved later in 2020 (I'm guessing in October).
It was a masterstroke of deal-making to get 100% EH & MM region (all treasures that lie within the MM fault & MM intrusion and untested hidden Fortescue Basin which Mag Image showing something very significant) = Acquiring 100% EH + Acquiring 100% MM North + Pushing out EEE via High Court + Acquiring 30% of Platina interest to give right of first refusal on MM PGM & Gold Project + Acquiring 70% of ARV interest.
= Now ready to be unlocked for all shareholders.
Plus now we have a huge urgency behind it that wasn't there, ie the need for EU & US to switch from Russia ASAP. This is a massive shift. 3p is going to look like a little blip in future IMO.
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