was a large offload but was just a single sell order. one investor getting out for reasons only they will know.
key facts below. DYOR to confirm
company info: 54M SOI (top 20 hold 57%, chairman owns circa 26%) $9.7M MC @ 18c cash $5M Directors fees <$100k in 6 months
projects: Barrow Creek (Lithium and base metals) - unexplored for lithium - 1500 point soil sampling program planned and was expected to commence in late Jan - nearology to CXO and A8G - includes base metals mineral resource of 2.5MT at 1.8% copper, 2% zinc - drilling contractor secured to extend resource... impending news flow of soil sampling and drilling... Recently expanded by 500km2 by acquisition of adjoining and nearby tenements. Prospective for lithium, REEs and copper.
Browns Reef (base metals) - previous drilling by Kidman was multiple holes with >5% zinc over 4-9m thickness at 250-300m depth (BD0018 had 6m at 11.4% zinc - all four holes drilled by EMS intersected sulphide mineralisation at intervals of 14-21m at 250m depth average (and one at 450m depth). sulphides found include sphalerite (zinc), galena (lead and silver) and chalcopyrite (copper). Lode open in all directions and at depth. Samples submitted for assay (announced 9 March 2022) - expected to take 6-8 weeks = late April/early May. Further drilling planned based on the visual assessments of the cores.
Buy and hold. IMO
EMS Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
