18 holes drilled at Lake Surprise. The hottest hole has 611 ppm of uranium at 7 metres depth. 8 holes registered over 200 ppm and only one hole had a reading below 100 ppm (97 ppm). All of these readings were between 2 and 11 metres below the surface. Previous ADD announcements stated they needed grades of between 100-300ppm to be commercially viable.
And now we have the bonus of phosphate grades of up to 28%. This could be a nice earner. Rock phosphate has increased 4 fold in the last 12 months to US$200/T. One tonne of P makes 4 tonnes of superphosphate.
ADD spent $332K on exploration in the June qtr, increasing to $585 for this qtr and $6 million in the bank. I'm glad I've been topping up at these sub 6 cent prices.
611ppm
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.261M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $3.223K | 805.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 11774914 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 494250 | 2 |
View Market Depth
| Last trade - 13.25pm 26/07/2024 (20 minute delay) ? |
| ADD (ASX) Chart |