LNR 0.00% 0.3¢ lanthanein resources ltd

Ann: Gold, Copper & Nickel Soil Anomalies at Lady Grey Project, page-47

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  1. 4,447 Posts.
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    256ppb is 0.25g/t Au The anomaly is also more than just a point source anomaly, and follows a trend around an interpreted granite pluton. So I'm intrigued/interested to see what that's about.

    The Ni-Cu seems good, but there's no PGE's mentioned (4acid digest means no PGE), so that could just be laterite close to surface. Will wait and see on that.

    The nearly 500ppm Li is, however, a striking result. Even given the higher return with 4-acid versus aqua regia, this just gives a 'truer' Li result that AR digests return. I think this is a strong signal of mineralisation. Whilst nothin is certain in life or exploration geology, and I personally think nearology is dowsing with crayons, it is in the right spot for a Li pegmatite, we just need to know how thick it is. Which means drilling. $2.2M in the bank is a good start.

    Lithium is going to come back into flavour a bit, there's been a short term slump in EV uptake in the West, but grid battery installs are exponentially rising, and all lower Li prices do is encourage more grid batteries. SO I think a solid strike here could change one's fortunes regardless of the critical minerals malaise at the moment.

    Worth a punt.
 
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