Munni Munni= One of largest underdeveloped PGE Resource in Australia26 Nov 2021 12:09
UFO is significantly undervalued with just the Hamersley project alone as Turner Pope Research Note stated.
However, I think people are missing the incredible upside potential of PGM discoveries at Elizabeth Hill & Munni Munni.
Geologist Dr Quinton Hennigh has a theory that Karratha and the surrounding Pilbara region was once conjoined to Witwatersrand (which is near the Bushveld Complex) in South Africa and is a massive underground belt of gold and other minerals in South Africa that supplied more than two billion ounces, or about one-third of gold metal ever mined.
The Air Mag Survey RNS is key:
https://www.rns-pdf.londonstockexchange.com/rns/0686V_1-2021-4-11.pdf
It states, “The Munni Munni Complex (MMC) shows many similarities with other layered mafic-ultramafic intrusions found elsewhere, including the Bushveld Complex in South Africa, the Stillwater Complex in Montana, USA and particularly, the Great Dyke of Zimbabwe, which all host world class deposits of Platinum Group Elements (PGE) mineralisation.”
UFO website state:
“The RC programme will also test other targets along strike from the mine and the surrounding J-Reef target to the east and south of the orebody within the Elizabeth Hill mining licence.”
https://www.alienmetals.uk/project/silver-elizabeth-hill/
If the drill results show PGMs at J-Reef, expect fireworks!
See Chalice Mining’s chart as to when they discovered the Julimar PGM deposit last year.
IMO what will prove to be more significant will be when they drill target 9 next year. It’s the Cadgerina Dyke, which is interpreted to be the feeder zone of the Munni Munni intrusion!
And we own 100% of it!
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