Just to add, here is an important excerpt from today's DRE's announcement, which clearly outlines the potential positive implications for FNT's own two REE prospects, which are in the same region as DRE's Mangaroon Project (see Figure 2 in DRE's announcement i.e. "Image showing the location of the five carbonatite intrusions in relation to known REE bearing ironstone dykes").
"Dreadnought’s Managing Director, Dean Tuck, commented: “For 30 years people have been searching for the ultimate source of the numerous carbonatite dykes and sills associated with the Gifford Creek Carbonatite Complex. With the acquisition by Dreadnought of modern, high resolution magnetic data, those carbonatite intrusions may have been located. Carbonatites are known within Australia and globally to form significant deposits of REE (ex. Mt Weld – Lynas Corporation, Nolan’s Bore – Arafura Resources, Mountain Pass – MP Minerals). The identification of large carbonatite intrusives could be significant for the region and we look forward to receiving rock chip assay results and then drilling the carbonatites along with Yin in March 2022."
Considering that FNT have only just arrived on the scene in the same general area as DRE, and that today FNT have already announced their own personal success, IMHO, today's news from DRE, could potentially be a huge windfall for FNT and its shareholders.
Indeed, and IMHO, today's news from DRE might eventually mean that the entire Yangibana area (FNT/DRE/HAS) could end up being one huge world-class REE producing region. This would be a huge win for all three companies, their shareholders, as well as the Australian economy.
The plot, (or the carbonatite resource?) thickens.
GLTAH
- Forums
- ASX - By Stock
- Ann: Encouraging First Pass Rock Chip Results & Desktop Review
Just to add, here is an important excerpt from today's DRE's...
Featured News
Add LNR (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 6528282 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 35508560 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 5861616 | 0.003 |
36 | 27371685 | 0.002 |
16 | 72190999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 35508560 | 27 |
0.005 | 19083988 | 20 |
0.006 | 19527589 | 17 |
0.007 | 10035802 | 12 |
0.008 | 28852250 | 7 |
Last trade - 16.28pm 09/08/2024 (20 minute delay) ? |
Featured News
LNR (ASX) Chart |
Day chart unavailable