Ann: Cannon Big Pit Agreement Executed, page-7

  1. 148 Posts.
    This is very, very good. Why would MLX be providing $2m in loans to SAU if not for the purpose of sending out the rigs to educate both companies on what is in the ground? SAU has sought this loan because they are keen to get out there and don't want to wait until Q4 to do it.

    These deposit types are not narrow field types, there will be a myriad of vents of varying degrees of concentration. They have clues where they are, they just need to prove them.

    If MLX doesn't buy SAU out, SAU is going to grow on the back of this project and dig more pits and make us more money. And it all comes back to this moment and that $2m loan. The Cannon/Georges deposit is not a one off, it is going to have some very close neighbours soon enough.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $55.59M
Open High Low Value Volume
4.5¢ 4.7¢ 4.4¢ $109.0K 2.405M

Buyers (Bids)

No. Vol. Price($)
2 202680 4.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 471564 2
View Market Depth
Last trade - 16.10pm 08/07/2025 (20 minute delay) ?
ION (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.