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8.00% 2.3¢ nickelx limited

Because RMS didn't have the lease.The lease was acquired from...

  1. ProCapitalism
    4,731 Posts.
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    04/09/24
    21:14
    Post #: 75532731
    Because RMS didn't have the lease.

    The lease was acquired from AUE, a different entity & they encountered some tough drilling conditions. From what I can tell, AUE appears to be the one who drilled the 18 deeper holes on the lease, as mentioned in the NKL ann, so another entity must have been responsible for the other shallow drill depths.

    https://hotcopper.com.au/data/attachments/6434/6434501-9edfeb358e5cd5582246618dd3534d19.jpg


    I'm unaware of the full history of Penny South.

    https://hotcopper.com.au/data/attachments/6434/6434506-8aeb70e11dabf0afc1d48c0f4776742e.jpg


    AURUM RESOURCES LIMITED (ASX:AUE) - Ann: Penny South Drilling Programme Completed, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum


    NKL Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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