RCR

4.55%

11.5¢ rincon resources limited

Hi Sal. Was waiting for you to be over on this. Was actually...

First 330 Last

Share
Profile

Follow
GammyJemm

1,548 Posts.

229

28/04/24

12:45

Post #: 73543112
Share

Originally posted by salpetie: ↑

Reply to @Seth Davis
Hope your TH prediction is a good one.

IMO geophysics are fairly agnostic until the drill bit tells the cause. Quite often doesn't, leaving everyone puzzling and back to the drawing board.

Comparing to Luni works for some aspects if you ignore the 80 Kms of possible cross strike separation and possible differences of geology.
Suspect the ages may be somewhat compatible as may be the geological setting with a major fault structure (CAS). Large structures at Luni/Aileron are possibly different to the CAS but not enough info to tell for me.

Since the carbonatites and/or IOCGs (if present) are intrusive from great depths they can come up these deep seated structures. Appears to be the case for WA1/ENR carbonatites and could be possible along the CAS and associated structures. If the latter is the case a regional carbonatite/IOCG play could develop.

To the north of WA1/ENR ground, companies(LYN and?) will be testing of gravity and magnetic targets this field season although geological mapping suggests the players will have to contend with an unknown thickness of later sediments (Murraba basin/Hidden Beds). The geophysical signatures are strong, so maybe they get lucky with limited cover.

Seth D shows the presence of earlier shallow drilling in the figure 2 image. These are a couple of screenshots from the GSWA's Geoview

Locations for named RCR gravity anomalies are approximate. The yellow and 'blue' symbols are drill holes that can be found in Geoview. Most will be shallow aircore holes (blue) with the yellow RC chasing the disseminated copper around Pokali hill.
This 2012 open file report gives a good history of exploration in the area. 2012 ASHBURTON A96793.PDF
BHP looked at Pokali Hill Cu in the 90s and deemed it not worth their interest at the time.
Drilling on Geoview magnetics.

I would prefer copper over Nb or REEs. A tier 1 discovery would help the area that is beyond the black stump and needs such deposits to get the infrastructure in place IMO. Nb - supply demand issues unless new uses are forthcoming - IMO. REEs are not rare and very difficult to process so unless a Mt Weld type discovery is made (even then could be problematic) these issues will be a real challenge.
Copper - disseminated and vein controlled at surface to shallow drill depths. The location puts constraints on what could be mined - large, preferably with high grade. Probably UG rather than OP as previous work could limit near surface potential.

Interesting times for the West Arunta. GLTAH.

Expand

Hi Sal. Was waiting for you to be over on this. Was actually going to tag you about 4 weeks ago to give us some insight. Great to have you about this place

RCR Price at posting: 6.9¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 241 more messages in this thread...

First 330 Last

Add RCR (ASX) to my watchlist

(20min delay)
Last 11.5¢		Change 0.005(4.55%)		Mkt cap ! $26.71M

Open	High	Low	Value	Volume
11.5¢	12.5¢	11.0¢	$314.1K	2.692M

Buyers (Bids)

No.	Vol.	Price($)
1	86871	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	550335	8

View Market Depth

No.	Vol.	Price($)
1	86871	0.115
17	1008107	0.110
20	1308451	0.105
34	2798821	0.100
2	250000	0.099

Price($)	Vol.	No.
0.120	539692	6
0.125	308392	8
0.130	224727	5
0.135	352243	5
0.140	214139	5

Last trade - 16.10pm 24/05/2024 (20 minute delay)


Last 11.5¢		Change 0.005 ( 4.36 %)
Open	High	Low	Volume
11.5¢	12.5¢	11.3¢	1486734
Last updated 15.56pm 24/05/2024 ?

RCR (ASX) Chart

Hi Sal. Was waiting for you to be over on this. Was actually...

Featured News

Nimy seeks massive sulphide systems through surveying at WA prospects

PlaySide to take gamers back to Westeros with new PC title

Althea on a high as it opens cannabis drinks in the US with Flora Growth

Talisman expands Rip n Tear with lead grading 7.4% and silver at 59.2g/t in NSW

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

Yandal lines up prime gold targets at Ironstone Well-Barwidgee

Market Update: Energy the sole green sector as dull US mood sours Friday down under

AIC Mines raises $57m to extend Eloise copper mine lifecycle

The Telstra twist - What the job cuts decision mean for investors?

Week 21 Wrap: NVIDIA's profits are up 600% – but this time, the market didn't really care

Buyers (Bids)

Sellers (Offers)

Featured News

Hi Sal. Was waiting for you to be over on this. Was actually...

Featured News

Top Stories

Nimy seeks massive sulphide systems through surveying at WA prospects

PlaySide to take gamers back to Westeros with new PC title

Althea on a high as it opens cannabis drinks in the US with Flora Growth

Talisman expands Rip n Tear with lead grading 7.4% and silver at 59.2g/t in NSW

Webinar: What investors should know about what it takes for ASX-listed companies to get medical developments to market

Yandal lines up prime gold targets at Ironstone Well-Barwidgee

Market Update: Energy the sole green sector as dull US mood sours Friday down under

AIC Mines raises $57m to extend Eloise copper mine lifecycle

The Telstra twist - What the job cuts decision mean for investors?

Week 21 Wrap: NVIDIA's profits are up 600% – but this time, the market didn't really care

Buyers (Bids)

Sellers (Offers)

Featured News