WML 0.00% 0.3¢ woomera mining limited

Ann: Notice to Shareholders, page-9

  1. 1,312 Posts.
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    Yes there seems to be a bit of a gold rush going on in the area.
    When the good people at Volt and Liquid pegged the ground the focus was naturally on lithium, and still is, that was around 18 months ago, but now there appears to be a bit of a bonus with gold.

    Also since then many off take agreements has been signed with the likes of GXY, PLS, ALT, and those are for a lot of money.

    We may see more to this when a resource is proved.

    If all goes to plan Oz Min will put in $7.5 mill for 75% of 3 South Australian tenements thus the $10 mill valuation I mentioned, before any drilling has been done.

    The lithium projects could dwarf that, and gold? well that would be an unexpected bonus.
 
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