RAG 5.26% 1.8¢ ragnar metals limited

Okay, so for those who aren't geologists the exploration model...

  1. 502 Posts.
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    Okay, so for those who aren't geologists the exploration model for Granmuren is an orthomagmatic ni-cu deposit, it's a chonolith or in layman's terms a magma pipe.

    Other examples nearby include Sakatti and Kevitsa, but they occur else where in the world such as Nova Bollinger (of SIR/S2R fame, Mark Creasy, Mark Bennett et al) and even Voisey's Bay (a true freak).

    The image below is a schematic section of Sakatti (from here page 212: https://spiral.imperial.ac.uk/handle/10044/1/61898)
    I've made some annotations to highlight the relative types of mineralisation to each other within the magma pipe. With the drilling to date by RAG I suspect so far we have been drilling around in the area of the red ellipse I have drawn, ie mostly disseminated with some matrix/semi massive/massive mineralisation as definately seen in hole 21-7.

    https://hotcopper.com.au/data/attachments/4268/4268038-2ac8596dafe01730f35dff0f00425371.jpg



    I've linked a few slides below that are interesting comparisons from Sakatti to Granmuren for what have seen so far from a grade comparison perspective.

    http://www.ama.org.uk/wp-content/uploads/2013/09/Group-Exploration-Overview_Association-of-Mining-AnalystsFINAL.pdf

    This image shows the 9500E and 9800E section position for the assay slides below, you'll recognise a similar image in RAG's announcement.
    https://hotcopper.com.au/data/attachments/4267/4267978-ed6da1e52a3126b1189e879b4eaae243.jpg


    This image below shows intervals and assays for holes on section 9800E. The tenor (grade) is not dissimilar from what has been intersected by RAG in holes 21-2 being 60.2m @ 0.75% Ni, 0.5% Cu, 0.06% Co and hole 21-7 being 146.3m @ 0.6%Ni, 0.5% Cu, 0.05% Co.
    https://hotcopper.com.au/data/attachments/4267/4267973-3157dcaef1d535ccd1325d174bbbe93b.jpg


    These drillholes on section 9500E are ~300m away from the holes above on section 9800E.
    https://hotcopper.com.au/data/attachments/4267/4267976-f263ba37f3edd153dd3a40176ca9cdac.jpg
    https://hotcopper.com.au/data/attachments/4267/4267990-d330f78dc1b1ab31745d647169cb2b72.jpg


    From Portgeo, Sakatti's resource in 2020 (http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn1718)

    Published Mineral Resources (Anglo American plc Ore Reserves and Mineral Resources Report 2020) were:
    Measured + Indicated Resources - 3.5 Mt @ 3.45% Cu, 2.47% Ni, 2.49 g/t 3E PGE (Pt+Pd+Au);
    Inferred Resources - 40.9 Mt @ 1.77% Cu; 0.83% Ni, 1.37 g/t 3E PGE (Pt+Pd+Au).

    I'm really looking forward to the next drillhole downdip of 21-2/21-7.

    FB






 
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