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.
Speculation at this stage but not quite as speculative as it was yesterday and less speculative than it will be tomorrow.
Ann: June 2023 Quarterly Activities and Cash Flow Report, page-38
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