WA1 3.35% $15.75 wa1 resources ltd

Ann: June 2023 Quarterly Activities and Cash Flow Report, page-38

  1. 402 Posts.
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    The most significant point in this announcement is the following:

    "Shallow high-grade niobium mineralisation is now evident over a 1.4km extent and remains open with the high-grade oxide blanket yet to be laterally defined"

    The following chart shows the results of known drill and assay results over this high grade area. I have assumed each hole represents an area 50m x 50m. I have then assumed the average results could be applied to the likely target high grade area measuring 1500m x 500m. (Results of anticipated infill and exploration drilling will be added to get a more accurate assessment).
    This tabular, high grade supergene deposit will determine the future of WA1, an extremely rewarding one for an increasing number of savvy investors.
    https://hotcopper.com.au/data/attachments/5459/5459632-6279bac9aaece223ac539bcc299a5070.jpg
    Speculation at this stage but not quite as speculative as it was yesterday and less speculative than it will be tomorrow.

    Last edited by Wurlitch: 27/07/23
 
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