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Ann: Heritage survey secured for Andover North Project, page-125

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Mustwin1

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20/03/24

18:04

Post #: 72981352
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Originally posted by Yevgeny: ↑

Unfortunately, sometimes mineral deposits do stop at tenement boundaries - think RR1. Here is a snip of their Morrissey Hill tenement in the Gascoyne. Smack in DLI's (formerly Red Dirt). Two drilling rounds and only a sniff of lithium (this is after positive soil sampling and rockchips) - VSR also shares borders with DLI and have come up with nothing. Mineral deposits stopping and tenement borders can and does happen.

But, sometimes the goodness does run between tenements.

A really good example is WC8's tabba tabba tenement which borders FMG's, in the Pilbara. Both were found to have Li in abundance and lots of people got rich very quickly last year, after the drills were done and results came in. Here is a snip of that tenement.

FMG to the north, WC8 to the South in green, some others might have better maps than this:

This is to the link from the article that image is taken from, *, May 2023: https://unauthorised investment advice/resources/these-aerials-show-fmg-has-drilled-out-a-pilbara-lithium-deposit-this-explorer-is-right-next-door/

I am not downramping, mind. I remain invested in RDN because like others, I prefer to believe from the available information that we are akin to WC8 and not RR1. But you cannot know until the objective evidence is in.

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Yes its the same with WA1 niobium and ENR

RDN Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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