This is how I see it playing out in coming weeks/months.
March
YILGARN PROJECT (target 150-200mt Hemetite-Geothite DSO)
- Carina Results and initial Jorc resource statement (first hole of 12 gave 106m @ 58.7%fe, hemetite-geothite intesected at similar widths over 1.5km strike, open at depth and along strike)
- update on drilling at Chameleon, Vela, J4 extension and Musca that has now been completed, possible initial assays for chameleon.
- update on further drilling program set to start up again in april, possibly including Bungalbin drill program (mineral deposit drilled by BHP in 1960's with 69mt@59%fe)
-details of Portman agreement regarding tenements containing Bungalbin east and J4. (commercial agreement agreed in principle, details pending)
POONDANO PROJECT (target 10-15mt CID DSO)
-drill results from extensive in-fill program at west and east CID. Initial JORC resource statement.
-update on drill program set to test central mesas and on bulk metallurgical sampling program.
April
YILGARN PROJECT (target 150-200mt Hemetite-Geothite DSO)
-drill results for Chameleon, Vela, J4 extension and Musca (or at least for several of these targets)
-initial JORC resource statements for Vela and J4 extension
-New drill program underway testing additional discrete targets and extension of Carina strike, possibly Bungalbin also.
POONDANO PROJECT (target 10-15mt CID DSO)
-New drill program underway testing central messas and infill of east CID.
-update metallurgical testing program
May-July
YILGARN PROJECT (target 150-200mt Hemetite-Geothite DSO)
-further drill results from initial drill program and april program (Carina extension, Bungalbin, discrete targets)
-Pre-feasibility study completion on 10mtpa DSO operation over 10-20years (2010 mine commencement), shipping DSO through new Kiwana Port via established rail link.
-likely Off-take agreement to Polaris strategic partner (19.6% stakeholder) "Lion group malaysia-steel division".
-formal agreement of current MOU with Toll malaysia for shipping and handling of ore.
POONDANO PROJECT (target 10-15mt CID DSO)
-further drill results from april drilling program, and metallurgical testing program.
- Pre-feasibility study completion on 2.5mtpa DSO operation over 5years+ (mid 2009 mine commencement), shipping through new berth at Port Hedland, close proximity with only 30km of ore trucking required.
WEELUMURRA AND CALINWINGA PROJECT(target 210-310mt CID DSO)
-new drill program testing the 250mt-310mt CID targets (with average grades of approx 58-60%fe), next door to FDL/FMG tergets/resources.
Market cap at this stage?....wont be the current $70mill that's for sure.
Polaris represents incredible value at present price IMO.
cheers.
- Forums
- ASX - By Stock
- POL
- the path to significant rerating
the path to significant rerating
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POL (ASX) to my watchlist
(20min delay)
|
|||||
Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.69M |
Open | High | Low | Value | Volume |
25.5¢ | 25.5¢ | 24.5¢ | $43.51K | 172.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18163 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 40001 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18163 | 0.245 |
3 | 82100 | 0.240 |
1 | 12500 | 0.235 |
4 | 98510 | 0.230 |
1 | 5000 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 40001 | 1 |
0.275 | 83000 | 2 |
0.280 | 100000 | 1 |
0.285 | 20000 | 1 |
0.290 | 14666 | 1 |
Last trade - 15.49pm 13/09/2024 (20 minute delay) ? |
Featured News
POL (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online