MAN mandrake resources limited

Not quite the commodity fruit salad I was hoping for, but it...

  1. 2,945 Posts.
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    Not quite the commodity fruit salad I was hoping for, but it clears the decks for the drilling announcements:

    1) Any new targets will not be drilled as part of the drilling program, it takes time for access agreements and government approval. The rig to do Jimmy's Hill will be a dual-purpose 6 or 8 wheeler. The rig to do the AC / RAB drilling on the new geochem targets will be on a small truck or Landcruiser and cost about a 10% of the diamond rig.

    2) The rock chips are comparable to PUR's Phil's Hill, except PUR seemed to have bagged a fure grains of PGE-bearing minerals in its soil scoop. Its an obvious outlier that should have been top-cut, resampled and reassayed. Take it out and these are comparable size and comparable Ni-Cu-PGE grades.

    3) MAN have confirmed BHP's observation of historical gold workings. At some stage someone's been happy enough to bust a nut to win gold, showing visible gold in quartz reefs which is a positive sign.

    4) Both these areas will generate nice EM targets due to the contrasting rock types, but whether the targets yield anything - time will tell.

    5) I think 90% of the tenement value still remains on Jimmy's Hill.

    Good to see we've held are ground again today. Only a matter a time before we jump the next step into the 30s.

 
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Last
2.3¢
Change
0.001(4.55%)
Mkt cap ! $14.42M
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2.3¢ 2.3¢ 2.1¢ $11.37K 500.5K

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1 206315 2.3¢
 

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Price($) Vol. No.
2.4¢ 1725305 6
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Last trade - 13.42pm 30/07/2025 (20 minute delay) ?
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