- WA1 Resources grew from a $9M microcap explorer to over $1BN in the space of two years, on the back of a new niobium discovery in WA.
- Encounter Resources went up 300% off the back of announcing a niobium discovery in WA, it is now capped at ~$248M.
SGQ’s project already has a proven discovery, and it is right next door to the world’s biggest niobium mine.
To date, there have been over 500 drill holes on SGQ’s project that have hit significant intercepts of over 1% niobium oxide, with some hits as high as 8%.
The mineralisation is from surface, widespread, and open in all directions.
Looking next door, the carbonatite that hosts the niobium is confirmed to depths of 800m, but SGQ’s project has not seen much drilling any deeper than 50m.
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