WA1 0.41% $17.09 wa1 resources ltd

Ann: West Arunta Project - Luni Assay Results, page-100

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    There are only 3 Niobium mines operating in the world today. Niobec is the one with the lowest grade but is still deemed as economic with an average grade of 0.42%. I'll say that again so everyone knows it wasn't a typo....0.42%

    WA1 has plenty of hits at 2, 4, and even 8%. 0.6% is, by WA1 standards, low but is still nearly one and half times higher than the average grade of Niobec's entire deposit......and we got 150.9 metres at that grade from one drill hole....... So I don't think anyone will be fretting over such a hit.
 
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