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clock Created with Sketch. 25/08/21
16:28
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Originally posted by boffa:
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Mt Tassie OreVenture continues to work towards preparing for drilling of the three priority targets generated by the recently completed Major EM Survey over the Mount Lindsay Project, for which in the December 2019 Quarter the Company was successful in securing co-funding for up to $202,000 from the Tasmanian State Government. The EM Survey identified several strong conductors coinciding with previously gathered exploration data to define priority drill targets, which included Renison Bell (‘Renison’) Style High Grade Tin, Mount Lindsay Style Tin-Tungsten and Nickel Sulfide targets.The Mount Lindsay Project is already classified by the Australian Government as a Critical Minerals Project1 with an advanced Tin-Tungsten asset and this will only be further enhanced by the delineation of several high priority drill targets of the same style of mineralisation through the recently completed major EM Survey. Mount Lindsay is already one of the largest undeveloped tin projects in the world, containing in excess of 80,000 tonnes of tin metal and within the same mineralised body a globally significant tungsten resource containing 3,200,000 MTU (metric tonne unit)2 of WO3. Tin is now recognised as a fundamental metal to the battery revolution and new technology and the International Tin Association is predicting a surge in demand driven by the lithium-ion battery market of up to 60,000tpa by 2030 (world tin consumption was 363,500t in 2018*).The Renison Style Target is a strong EM conductor supported at the surface by tin in soil anomalism and an alluvial Tin Field mined over 100 years ago, a coincidental magnetic anomaly, and is sitting within the same carbonate. Based on the current Tin price that is alot of zero's following the $32,000000000 plus the tungstan. I suggest you "venture" over to the website and you will read up about all the projects.
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So much resource lying in the ground for years. Its shame A.R. and team has not moved fast to get it out in the ship. When share price was 16c, they could have done CR to raise 25 million to get this project going ASAP.
(20min delay)