Hi @Spekul8 ......... "if so the are ive marked just under the...

Hi @Spekul8 ......... "if so the are ive marked just under the 2k strike line is a strong candidate for ENR to scope for a small scale operation"

Using your image and outline, could you please expand on what you are suggesting as a small high grade operation?
I've tried to work out numbers, which I have for Crean and Emily of around 5M tonnes of about 2% at best for those 2 areas combined, but have found Green to be too patchy to work anything out yet. Hopefully a lot of the RC drilling currently underway will help with this.



I've tried to make numbers work but can't, which is why I currently don't hold. In the area you circled above, there are 8 holes with above 2% mineralisation, 4 holes with 1-2% mineralisation and 25 holes with below 1% mineralisationm , many of which are below 0.5%. Even some of the 2% or above mineralisation are only 2-4M in width.

Could you please show the numbers for resource you expect and type of small high grade operation you are thinking of, because at present I can't see it.

BTW when I was talking about only a high grade operation for the area, It's Luni I'm thinking about, mining only above 2% for the first couple of decades and only 1-1.5Mt/a type plant. If ENR had 'enough' high grade material, then I think there should be some type of partnership, but without 'enough' WA1 wont be bothered with whatever ENR have.

I also consider that if both companies had enough for an operation each, and went their own ways in building 2 separate plants, it would be madness, and both companies being irrational.
Way, way more efficient for there to be only one plant operating, because the Niobium market is just not big enough, and the location with 2 plants, workcamps etc producing the same product is just stupidity.

It also brings to my mind another option that could be available.. Should ENR drill out all the potential areas for Niobium, with the risk that all the areas separately come in below expectations, or should they look to sell the Niobium rights to these tenements to WA1, for how ever many million shares, with plenty of 'potential' left for expansion, while ENR then concentrate on other minerals, then can sell some WA1 shares instead of a cap raise March/April next year??

Going back a few years LTR sold their tenements to CXO up in the Bynoe area where CXO had a lithium find. The LTR ground was promising, but they sold to concentrate on other areas, and used the cash from selling CXO shares to drill Kathleen Valley, so the strategy worked extremely well for them..

I can see good and bad points for any type of decision on this. The area around Green could end up being disappointing as most of the mineralisation is no longer preserved, due to erosion over the eons, which would explain the 'patchiness' of the results there and Emily Crean combined could only be small satellite deposits when fully drilled, in which case the area could be worthless in Niobium terms. We simply don't know yet, but the high grade finds so far add some value, the risk is they could be relatively small with full drill programs.

Then again further drilling might shore up a much larger resource with new extensions and be enough for a mine. It could go either way. Waiting until proven to be 'not much', when value could have been added earlier, when potential existed, as it still does, but has lessened with the last few sets of results, does ask some interesting questions.... Then again WA1 may not be interested at all, who knows...

Any thoughts on this??