MLS 5.00% 1.9¢ metals australia ltd

Ann: Strong EM Conductors Confirm New Geological Interpretation, page-226

  1. 260 Posts.
    lightbulb Created with Sketch. 3
    Excellent work ! A good run-up Metals Australia has leading into 2017. The year is still young, we are only in our ninth week since New Year.  Looking at the near history on Ann timing, one could certainly feel  within the next week, maybe two, we will see our next healthy dish of good news.

    upload_2017-3-2_20-19-31.png

    Screenshot from published article: 03 Jan 2017
    http://www.*.com.au/companies/news/171070/metals-australia-attracts-investor-interest-171070.html



    ASX Announcement
    9 February 2017
    Manindi Drilling Intercepts New Zinc Mineralised Zone


    As a result of this improved geological interpretation, the Company is planning a follow-up drilling campaign at Manindi, with a particular focus on the newly identified resource extension targets within the felsic rocks at Kultarr...

    ...If successful, the results of this second-stage drill campaign focused at Kultarr will have the potential to increase the tonnage and grade of the existing JORC Resource

    ...The Company is pleased with the results of these three wildcat holes and further detailed information on this drilling will be released when assays are received.
    Source: http://clients.weblink.com.au/news/pdf2/01826798.pdf


    ASX Announcement
    27 February 2017
    Strong EM Conductors Confirm New Geological Interpretation at Manindi


    Summary
    The Company is extremely pleased with the results of the drilling at Kultarr and the discovery of Conductors C1 and C2.

    The Company believes that the existing resource base at Manindi (being 1,075,859 tonnes at 6.52% Zinc grade at 2% Zn cut off) should be able to be substantially increased in tonnage by further drilling.

    Previous detailed metallurgical test work carried out by the Company has demonstrated that Manindi ore is easily treated by conventional crush/grind and flotation to achieve excellent recovery to produce a saleable concentrate.
    Source: http://clients.weblink.com.au/news/pdf2/01833090.pdf


    And that is why in my opinion, I think the SP today is undervalued, and a great opportunity (for me) to accumulate.

    GLTAH

    Chev.
    Last edited by Chev007: 02/03/17
 
watchlist Created with Sketch. Add MLS (ASX) to my watchlist
(20min delay)
Last
1.9¢
Change
-0.001(5.00%)
Mkt cap ! $13.44M
Open High Low Value Volume
2.0¢ 2.0¢ 1.9¢ $50.65K 2.665M

Buyers (Bids)

No. Vol. Price($)
3 724264 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 295242 5
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MLS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.