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Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs, page-139

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Ash_Ra

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20/06/24

19:48

Post #: 74414194
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Originally posted by DD72: ↑

The Dante project is considered by the company to have potential to host a large sulphide deposit of copper, gold, PGEs, vanadium and titanium – which is also considered the first of its kind in Australia.
The reefs themselves are a geological formation that Terra describes as "a series of gentle dipping, laterally extensive, mineralised layers (similar to a coal seam) which outcrop from surface and in total run for 42km".
They're about 10m thick, with a high-grade

Highlights from the latest find include:
• 6m at 0.40% Cu, 0.79g/t PGE3, 0.66% V2O5, and 19.9% TiO2 from 4m, also including:
• 2m at 0.62% Cu, 0.85g/t PGE3, 0.71% V2O5 & 22.3% TiO2 from 6m, and
• 5m at 0.34% Cu, 0.84g/t PGE3, 0.81% V2O5, & 21.2% TiO2 from 21m

Assays are pending from a further 16 drillholes covering an additional 4.5km of strike at Reef 2.

“We are excited to have discovered multiple Platreef-style copper-PGE sulphide reefs from a first pass-reconnaissance drilling program at the Dante project; the first of its kind in Australia,” managing director and CEO Thomas Line said.

Regards

DD

I would be sceptical of all the naysayers talking about low grade with lots of elements so close to surface.

Like I said, I know nothing, just trying to answer your question and answer it for me as well.

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Great post.

Potentially 42km strike of this sort of mineralization. As this gets drilled out and derisked further, the market cap will be multiples from here. These aren’t hand picked rock chip samples. 200M market cap is 10 bags from here and if drilling keeps hitting the goods, that MC still seems cheap. All speculation and still early days. Happy to be onboard !

TM1 Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs, page-139

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Ann: Drilling Confirms Discovery of Large Cu-PGE Sulphide Reefs, page-139

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