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18.0¢ lunnon metals limited

Ann: Company Presentation, page-5

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RocksRule

1,071 Posts.

143

17/06/22

15:49

Post #: 62060500
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Originally posted by Tendies4me: ↑

The historical drill core program was paused because the company was really focused on Baker. Baker drilling is ongoing and open in two directions. No reason for Warren to not match Foster Ni tonnage geologically. Silver Lake and Fisher deal waiting for an independent repot for the deal to go through, reason for the delay is the body responsible for the independent review waned the initial Baker resource so that their report wouldn't be dated if they released it before the Baker mineral resource. Very confident they will be able to add Ni tonnage from Fisher and Silver Lake just by reviewing the historical cores (250km worth at Fisher and Silver). No more real shallow targets at Jan, will be drilling the deeps (doesn't consider 500m deep in this day and age). Aspire to be like Mincor. We are unique in that we are low capex and don't require a plant to be built. We are cheaper than Mincor per pound of Nickel because MCR are so far ahead of us.
That's all I can remember. The webinar will be posted on the site.

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“No reason for Warren to not match Foster Ni tonnage geologically.“

really. Have a look at the long section!

LM8 Price at posting: 69.0¢ Sentiment: Hold Disclosure: Not Held
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