trading halt, page-6

as we know, AHN has the highest quality magnetite

this should comfortably underpin the share price

but it is the nickel that is more speculative yet could be a massive company maker

host geology is older than the neighbouring geology

very promising drill results so far. sub-economic but only just. for large tonnage, 0.42% to 0.6% grade may suffice. for example, BHP's Mt Keith has grades of 0.5% to 0.6%

AHRC0027; 129.7m @ 0.26% Ni from 20m
AHDH0001; 62.7m @ 0.29 % Ni from 149.7m

due to the older geology, AHN are not looking for another Mt Keith. They are looking for a Voisey style monster deposit (1.6%)