PGD peregrine gold ltd

2.63%

18.5¢

Ann: Onground Exploration at Pilgangoora Lithium Project, page-4

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JandJ

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06/10/22

14:31

Post #: 64064269
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Originally posted by Caromb15: ↑

I see some sediment sampling has been done by SQM.
Does anybody know the backstory on this, did they JV with someone?, and why did the tenement end up with Peregrine?. SQM would be good future JV partners, IMO.

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Originally posted by BelterTrades: ↑

Yes good question. You can see from MINEDEX (extract below) that the tenement was dead by 21 August 2020. Dead I think means no more exploration rights over the land. Now it couldn't be because the expiration date of 17 November 2024 was reached, so it must either be because SQM surrendered the tenement or forfeited it. You would hardly think they surrendered it given they only bought the tenements from MCT in December 2018. I'm thinking it must've been forfeited for some reason.

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The story I heard was that SQM forfeited the tenement due to oversight. PGD then won it in a ballot.

It was that win which brought PGD to my attention and I figured it was good enough for a few Gs from me.

Then of course the 2% gold came into the play. Not bad eh!!

Last edited by JandJ: 06/10/22

PGD Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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Last 18.5¢		Change -0.005(2.63%)		Mkt cap ! $15.69M

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