Reynolds Project
Carpentaria Exploration Company Pty Ltd (Taylor, 1981) conducted extensive tungsten and gold exploration in the region between 1979 and 1981.
Heavy Mineral Anomalies on Reynolds Project
Stream sediment geochemistry from part of the Capricorn Orogen’ supplied to GSWA by BHP Billiton shows regionally elevated niobium (Nb) and tantalum (Ta) values within the Reynolds Project (refer Figure 3). The presence of elevated Nb and Ta are considered significant in the exploration for LCT Pegmatites.
A High-Throughput Approach Developing Lithium-Niobium-Tantalum Oxides as Electrolyte/Cathode Interlayers for High-Voltage All-Solid-State Lithium Batteries
http://jes.ecsdl.org/content/162/4/A722.full
Niobium price chart 2016
Capital Mining Ltd shares rally on acquisition of 13 lithium licenses in Pilbara
http://www.*.com.au/companies/news/...-of-13-lithium-licenses-in-pilbara-68600.html
Caroline Creek Project
Caroline Creek lies along strike of the Reynolds Project (refer Figure 4) and Capital considers this as an extension of the granite and greenstone stratigraphy and thus equally as prospective as Reynolds for LCT Pegmatites
The Yinnietharra Project
The Project is located 3km from an active LCT pegmatite field, which hosts tenements holdings of Lithium Australia (ASX: LIT), Segue Resources (ASX: SEG), Cullen Exploration (ASX: CUL) and Zeus Resources (ASX: ZEU) among others.
Geologically Capital considers the Yinnietharra Project to be in a highly prospective ‘Goldilocks zone’for LCT Pegmatites (refer Figure 5)
.
Location and Infrastructure
The Projects are located in an established and active mineral field in the Gascoyne region of WA, which hosts numerous active exploration and mining operations. Requisite labour and exploration equipment is readily available.
The projects are situated in close proximity to the town of Gascoyne Junction and approximately 350km from the port of Carnarvon
. The tenements are accessible via main roads, regional roads plus secondary roads and tracks.
There's no doubt about it. There's nothing hotter than lithium right now. And the reason is simple. Lithium already powers the cell phone in your pocket, the tablet on your nightstand, and the laptop on your desk. It may already be powering the car in your garage. That's why Goldman Sachs calls lithium the “new gasoline.” The Economist calls it “the world’s hottest commodity.”
Chinese companies bought a lot today.
If we have a game plan and have done our research then stick to the plan. If we have really researched well and know that the future looks bright for CMY then stick with it. People purchasing at these low levels will get rewarded in the med/long term. CMY has more anns to come up to December. DYOR
