Reading the PNT announcement this morning - new ground pegged. Excellent historical holes: • 20m at 1.02% Ni from 12m (WCAC0179) • 28m at 0.70% Ni from 8m (WCAC0180) • 34m at 0.70% Ni from 16m (WCAC0190) • 38m at 0.50% Ni from 8m (WCAC0192)
We await the drill results from the second Coglia campaign, hoping for strong results like the initial 476k MT of contained Ni @ 0.7% + Co credits around 0.15%. Talking to management at a conference earlier in the year they wuold like to get to 100m MT of mineralisation. Assuming that PNT come in at around 800/850k MT of Ni equiv, this new deposit will give an opportunity for them to boost this with some of the historical grades looking excellent. This is a really important development in my view, and will help PNT secure a firm base for feasability.
PNT Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
