Ann: New Style of Titanium Mineralisation at Muckanippie, page-55

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Thebigonion

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24/02/25

08:54

Post #: 77989694
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Originally posted by Pooslice: ↑

yeah the leucoxene is considerably higher than most other deposits. but low on rutile (so far anyway). probably everything to do with the saprolite hosting nature of it.

as I mentioned in point 1 - its going to be literally an unprecedented justification to move forward with a Ti operation AFAIK. because high luecoxene/low rutile is, from what I can see, uncommon.

but if this Leicoxene is on the higher end of the grade scale, say 85-90% Ti, at 5% (which significantly higher than most other deposits), it may well pave a way forward.

even lower grade leucoxene at 70% may still be worth it?

it'll come down to point number 2 - cost effectiveness of separating the minerals.

imo this announcement derisks the project somewhat. it's an addition to the original discovery.

all just my opinion. don't take advice from strangers, kids.

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Hi Pooslice,

I see your commentary on the importance of Leucoxene in the deposit HM. Could I get you feeling on the meu announcement this morning about 100% Leucoxene from the HM in historical holes.

I not 100% sure how to interpret the significance of this for MEU and PTR. Also the HM % wasn't mentioned in the announcement.

Cheers

PTR Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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