RR1 reach resources limited

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ksvs

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28/12/23

11:18

Post #: 71639435
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Originally posted by Maverick7: ↑

My moded post was in no way defamatory but was a a detailed response to @ScoreSamplePost #:71597393 which contains defamatory statements about myself. I have edited the post so as not to offend.

@ScoreSample states: "A simple google search proved you were wrong."You and @roblunhavenot understood the basic geology concepts in my original post, so I'll clarify:
-Pegmatites(Walbi Creek/RR1) andCarbonatite(WA1) areNOTminerals, these arehost rockswhich contain minerals.
- Columbiteis a mineralwhich contains theelementniobium (just like spodumene is a mineral which contains the element lithium).
- Columbite (+spodumene/many other minerals) are sometimesfound in fertile pegmatites. Columbite is also found in WA1's carbonatite, but the key niobium-bearing mineral identified is pyrochlore.

So my assertion that RR1 are searching for niobium inpegmatites, whereas WA1 have found niobium in acarbonatite,has not been proven wrong, and making direct comparisons between them isn't valid as they are different geological settings, the latter having a much greater chance of hosting an economic deposit.

@ksvs"Why do you think we have traces of niobium along with REE if the pegmatite hosted system doesn’t contain niobium."
The pegmatite system may contain niobium, but I think the chances of finding an economic niobium deposit in their pegmatites is extremely remote. By way of example, there are many companies who found lithium in soils and high-grade lithium rock-chips over the last year, but found nothing exciting in their drill campaigns eg: RR1, VSR, MRR, KAI, TKM + many more, proving that most pegmatites are barren or lacking sufficient size/grade to be economic.

Per Mindat the pegmatites mapped at Walbi are "narrow" which isn't favourable for delineating large tonnages, and the location is "remote and not easily reached" which isn't favourable for development. To my mind it will take something close to a miracle for an economic resource to be found/developed and investors should have realistic expectations.

@ScoreSamplePost #:71597393 states: "So clearly you're a manipulator of stocks on the ASX","who do you work for? You have three accounts to give yourself lightbulbs?" Please provide evidence for these defamatory comments. I often receive thanks and appreciation even from holders of stocks when I post critical analysis because it enables them to make more informed decisions - my first post on this stock was over 3 months ago when the price was 1.3c and I warned holders several times with facts and logic from the announcements that the lithium results were likely to be poor and the share price would take a significant fall.

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Please keep posting your views. Healthy discussion is very important as our investment decisions are important to come up with new discoveries for the benefit of ourselves and most importantly for the country.

RR1 Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.002(15.0%)		Mkt cap ! $10.05M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$86.82K	7.280M

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No.	Vol.	Price($)
5	591354	1.1¢

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Price($)	Vol.	No.
1.2¢	430375	6

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No.	Vol.	Price($)
5	591354	0.011
9	1250000	0.010
8	1443073	0.009
17	8603801	0.008
8	3311147	0.007

Price($)	Vol.	No.
0.012	515044	7
0.013	4725266	4
0.014	2017223	6
0.015	1466324	5
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