Interesting results here but i cant help but favour SUM as the best niobium play on the ASX at circa $18m market capitalization
If you compare the rock chip samples from the RR1 announcement today to the rock chip samples from SUM, i see a huge difference
RR1 SAMPLE:
SUM (comparison)
Other key differences:
SUM projects are located in Brazil, the country which has the most niobium in the world. Brazil is also a friendly mining jurisdiction with low costs which is good for economics
Theyconfirmed 1.2km worth of strike. Huge ground that has mineralisation on surface wide apart. That will likely increase as there are futher samples pending assays
They confirmed multiple new potential pegmatites
They confirmed multiple artisanal mines (historical local mining at surface with chisels and shovels). They will be the first to drill this land to find out what's below. The minerals are clearly visible outcropping everywhere
All for circa $18m market cap
Stuart Peterson is the geo who played a big role in GL1's "Manna" discovery
GLTAH
RR1 Price at posting:
1.7¢ Sentiment: Hold Disclosure: Not Held
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