RGL 0.00% 0.6¢ riversgold limited

Ann: Acquisition Next to Mt Holland Lithium Mine, page-9

  1. 6,674 Posts.
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    From 2016 the pegmatites at Bounty ran North / South, and were pretty thin.
    No evidence that I can find of pegmatites in the area we have just acquired.
    Cacique Resources were only incorporated in 2019, so I have no idea how they acquired the tenements.
    FRS have been exploring Mt Holland's surrounding area with very, very limited success. They believe the best land is further east, and further south.

    https://hotcopper.com.au/data/attachments/4628/4628432-4c04cfedf4cd3e821d624a3c330c2160.jpg

    Going by the volumes a lot of holders didn't think much of the land either, and were quick to jump ship.

    Anyway, I still like some of the other tenements we have acquired.

    Back to sniffing around Greenbushes, Mt Cattlin, Mallina, Mt Marion, Mt Eden, Kathleen Valley etc and see what likely tenements are available.

    Hopefully Tambourah will have some spodumene / lithium, and the inevitable capital raise to pay for all the drilling at these tenements can be done at a decent price.

 
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