MRD

0.00%

0.1¢ mount ridley mines limited

Lab Results, page-16

First 16 Last

Share
Profile

Follow
Liftboy

104 Posts.

23

27/05/22

12:59

Post #: 61661277
Share

Originally posted by aceagles: ↑

Seriously do you not pay attention mate, they already know the resource is there and in abundance and that the project would be commercially viable.
To do that what they need to continue to prove is that it’s easily recoverable using very mild methods, that it’s the right type of deposit, more clay type than rock and that it’s of continual high grade, from memory at least 700 ppm & that they have a high grade somewhat shallower deposit, somewhere in the remaining 98% of their largely unexplored tenement. All of their previous samples which were indicative of most of these factors was recovered from their previous nickel copper drill cores from a number of years ago which did not target rare earths.
This drilling program is specifically targeting rare earths which they basically know exist just from observations and from other companies finds adjacent to them which appear to run straight through the area. It’s a matter of how much do they have, at what grades, how shallow or deep most of it is and how much is easily recoverable when processed and how high the recovered grade is and whether the types of really valuable rare earths are the ones that predominantly exist.
All of this will take time, I expect we could see lab samples results tomorrow or any time in the next month to 6 weeks from now then once the first lot of samples have come through they would no doubt be sending them in on a regular basis as the drill program expands and proceeds and you’ll likely get more regular updates then.
Until then it is absolutely useless and entirely pointless wasting time updating anything without further info i.e. new lab sampling results so until they get those back it’s highly unlikely that there will be any updates and as quite a few of us on here have repeatedly explained no one knows how long the labs will take because they’re all inundated with work.

Expand

'they already know the resource is there and in abundance and that the project would be commercially viable'
Sorry mate, I may have missed this. Would you please point me to where this statement was detailed.

MRD Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

There are more pages in this discussion • 144 more messages in this thread...

First 16 Last

Add MRD (ASX) to my watchlist

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $7.784M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$18.95K	18.95M

Buyers (Bids)

No.	Vol.	Price($)
4	9257468	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	200422189	97

View Market Depth

No.	Vol.	Price($)
4	9257468	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	199822189	96
0.003	100850987	32
0.004	35268376	19
0.005	8080809	7
0.006	5476353	7

Last trade - 15.14pm 12/07/2024 (20 minute delay)

MRD (ASX) Chart

Lab Results, page-16

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Lab Results, page-16

Top Stories

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News