These guys mean business, many junior explorers are
searching far & wide at acquiring
the pick of the crop for lithium tenements.
They are already there to do business, is quite telling.
They must be confident with releasing this acquisition announcement
for it going ahead, big opportunity & big $$$ to be had.
Managing Director Matt Gauci Commented: “We are very excited to have secured the option to acquire, explore and develop the large-scale Ni-Cu-Co mineralisation at Ransko, as well as the highly prospective Otov1 LCT pegmatite, which was historically only mined for Feldspar, which is 1 of the 17 known LCT pegmatites, and where large spodumene crystals, up to 70cm, are reported.
The Otov Hard Rock Lithium (Li) project: o The Otov Permit covers 18.1km2 and hosts significant Li (Spodumene) mineralisation defined by mapping and sampling of underground workings from limited historical feldspar mining at the Otov1 pegmatite. The Otov1 Lithium-Caesium-Tantalum (LCT) pegmatite appears to be vertically zoned as spodumene increases with depth (current depth from historical feldspar mining is c. 50m). Spodumene crystals measure up to 70cm in length. o The Otov1 pegmatite deposit is one of 17 mapped pegmatites in the permit area which have not been the subject of modern exploration techniques.
HIGHLIGHTS • Nickel X has executed an exclusive option to acquire 100% of an advanced Nickel and advanced Hard Rock Lithium exploration project, in Central Europe, within proximity to where 27 lithium battery “Gigafactories” are planned for 2030. • Ransko Nickel-Copper-Cobalt (Ni-Cu-Co) project: o The Rankso Permit covers 6.93km2 and hosts significant Ni-Cu-Co mineralisation defined by historic mapping, sampling, geophysics, limited vertically oriented drilling and exploration shafts and adits. No modern exploration techniques and resource modelling have been undertaken since the mid-1960’s.
The project contains a rich historical dataset from 7 known sulphide deposits with indications of multiple magma pulses and sulphide events, where remobilisation and enrichment is related to local faults and intrusions. o The project is one of the beneficiaries of the EU €7.5M Funded SEMACRET Project which aims to promote exploration for Critical Raw Materials in the EU, securing the continued supply for the EU market.
They have a great deal here, Battery package, exciting stuff.
$50m market cap can be reached easily.
Also
Current drilling program at Dalwallinu West Yilgarn WA underway
Nickel Copper PGE project
& cashed up with $3m
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(20min delay)