WR1 2.94% 70.0¢ winsome resources limited

Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-1131

  1. BAU
    2,822 Posts.
    lightbulb Created with Sketch. 296
    Looking at the below from the Azimut announcement you would think that common sense would eventuate to an agreement to ensure the resource on both tenements are fully accessible.

    If no agreement is forthcoming then AZM pretty much miss out on the main zone and footwall extension and only have the newly discovered 3rd peg to mine, if they don't find any other pegs further south then their resource will be insignificant.

    WR1 on the other hand have will not be limited and still have access to a very large ore body, if there are further pegs to the north then the pit would be easily extended.

    The pit restriction would not be present both East and West, so at this stage any apparent pit restriction will not be a major issue for WR1.

    https://hotcopper.com.au/data/attachments/5833/5833166-d8797c19469a626e4b93fa8b011b8f0f.jpg





 
watchlist Created with Sketch. Add WR1 (ASX) to my watchlist
(20min delay)
Last
70.0¢
Change
0.020(2.94%)
Mkt cap ! $151.4M
Open High Low Value Volume
68.0¢ 70.0¢ 67.0¢ $265.3K 388.8K

Buyers (Bids)

No. Vol. Price($)
2 6045 68.5¢
 

Sellers (Offers)

Price($) Vol. No.
70.0¢ 598 1
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
WR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.