Ann: $13.5M Placement Cornerstoned by Strategic Investors, page-13

First 13 Last

Share
Profile

Follow
tbrin

2,516 Posts.

290

21/04/22

10:09

Post #: 60948088
Share

Originally posted by tbrin: ↑

Settle down geniuses
We were literally trading at 6.2c one month ago
Standard discount
GL1 seed investors know what we have and jumping on board. They went from 20c to $2.50 in 18 months.
We're now cashed up to smash through 25,000m of drilling across all tenements including three surrounding GL1.

MRR's Sisters, Garden Creek andMoolyella North tenements overlayed over GL1s Marble Bar tenements, surroundingtheir 10.5Mt Archer deposit, and with MRRs historic rock samples shown as pinkand green dots (see comment below).
Worth noting their (red) trendline passes directly through the S/E corner of MRR Sisters and throughthese samples.

Also overlayed is E45/5573 owned by Sunmirror, with historic drilling by Lithexin 2011 showing up to 1.25% lithium and 1.06% lithium oxide, in 2014 byExterra resources showing up to 1.98% lithium oxide, and by Duketon with onesample at 0.98% lithium oxide.
https://sunmirror.com/projects/moolyella/
Below that in light blue, we haveKalamazoo Resources (ASX:KZR) whos recent hand XRF sampling program indicatespotential for lithium mineralisation mostly towards the north as shown below.Drilling commencing Q2/Q3 2022.

As per GL1s note on the image below, this is up to 15km from the proven Archer deposit suggesting a significantly larger footprint of mineralisation, potentially extending well into MRR land.
DYOR

Expand

HC playing up. See below

MRR Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

What's causing the cost-of-living crisis, and how to navigate it

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins