NMR first completed a magnetic survey here in Oct 21ASX...

NMR first completed a magnetic survey here in Oct 21

ASX Announcement 27/10/2021
Magnetic survey highlights significant anomaly at Nullarbor Iron-Oxide Copper-Gold (IOCG)target

"The growing list of tectonic and geophysical features with similarities to other identified IOCG deposits in Australia has provided NMR with continually growing confidence in the target "

steady progress being made since, started drilling Q1 2022

ASX Announcement 16/5 2022
Iron-Oxide Copper-Gold (IOCG)style alteration intercepted in frontier drilling atHelios

"Drilling has revealed that the rocks are indeed magnetite bearing, however, the alteration and results obtained are more indicative of the alteration style(s)associated with large IOCG systems like Olympic Dam and Ernest Henry deposits. NMR will now focus its efforts on locating the potential copper and gold mineralisation associated with such alteration. "
&
"Drill hole HELIOS_DDH001 intentionally targeted the upper 500m to test the basement for rock type and for the potential of mineralisation. The drilling successfully identified hematite and magnetite which is likely to account for at least part of the anomaly observed at the surface. Drilling did not extend into the C2 body which exhibits higher modelled magnetic susceptibility. The intensity of alteration increases with depth."

gravity survey to prepare for next drill,
i like the focused approach here
+a number of other quality resource targets on the books
tightly held stock with low # of shares on issue

Sentiment LT hold, accumulating on the dips
gltah