What a few people don't understand, is that the center of our earth is an ongoing nuclear reaction, probably it is just as well, that not a lot know this? imagine the anti nuke people, they would have a field day with that?
The thing is that every now and again a volcano spews out material that sometimes includes Uranium and Rare Earths etc among other things like Gold and Copper, which as Oaktree16 pointed out are very valuable minerals.
The Gawler Crayton area is one such area, it was once a volcanic region a long time ago and there are some very big deposits of things like Uranium and rare earths as well as gold and copper, you only have to look at Olympic Dam, it is the largest known resource of Uranium in the world at around 36%, perhaps there is another one bigger? smaller ?who knows?
I am thinking that the mapping that was being done by the South Australian Government (see below) has pretty much been done now, is this what has been driving FMG, have they seen something on their leases and also ours that indicates some very big deposits of Uranium, Gold, Rare Earth and of course Copper?
I am tipping the answer to this is yes and this is why the application was done for 2019/00084, if you look for that now? you won't find it any longer, it has now become what was the old lease EL5499 which has been re leased as EL6416 which now includes Uranium Gold and Rare Earths, where EL5499 didn't, but we know where that area called 2019/00084 is located, it isn't at Vulcan or Vulcan West, it is closer to FMG's leases and sits in that corridor where the Olympic Dam mine is located, so is Caratapeena in the same corridor, I am tipping that this new lease had to happen before drilling could start?
I am also thinking that this area is located on the edge of the old Volcanic area known as Gawler Crayton and is the most prospective for all of the minerals that FMG/TAS are looking for? and lets not forget that the Pernatty prospect also sits well within those two dotted lines shown in the ASX release below as having the best prospects.
https://quoteapi.com/resources/da98..._JV_over_Vulcan_now_unconditional.pdf?embed=1
Look at page 3 of that document, can you see the two red dotted lines?
If you continued the top red dotted line you would notice that it cuts across the L/H side of the old EL5499 lease which is now called EL6416 which now includes Uranium Gold and Rare Earths, which were not part of EL5499 previously?
What is the real target for FMG, I reckon I know what and where it is?
TAS_Fortescue_and_Tasman_farmin_JV_over_Vulcan_now_unconditional-2.pdf
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- TAS has a NEW tenement called EL6416 which replaces EL5499
TAS has a NEW tenement called EL6416 which replaces EL5499, page-7
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