"An Exploration Target of approximately 100–350 million tonnes grading approximately 3-11% Total Graphitic Carbon was previously reported (by IMX Resources Limited) in September 2015. 3 This was based on a mineralised thickness of between 10m to 30m, over 34km of untested high-conductance targets identified from electromagnetic surveys, which correlate very well with high-grade graphite mineralisation at Shimba. The results of this drill program appear to be in line with assumptions made in estimating the Exploration Target except the widths of the northern target exceed the maximum 30m assumed for the upper limit."
MVL Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
