I am very happy to see management going hard now, they seem to have woken up and have a refreshed tone about them..
Lithium and REE stocks are hot and we need to go for it, management have plenty of projects to choose from and by the looks out of all the projects we have which is a decent amount they might have selected the projects with the best current possibilities.
Plenty to look forward to here, and a steady flow of news now expected from management ..good luck to all long term suffering holders and welcome to all new holders..
Brief summaries and intended work for each project funds raised for..
Yinnetharra project is - Li/REE (100% WCN) 574km2
The Yinnetharra Li/REE project consists of two tenement applications, E09/2628 and E09/2641 (Figure 2 and 3), within the Gascoyne lithium region, located about 100km northeast of Gascoyne Junction and 85km south of Hastings Rare Earths (ASX:HAS) world-class Yangibana rare earths project. HAS currently has a market cap of $550M
The project area is underlain by Durlacher Supersuite of the Mangaroon Orogeny consisting of multiple granitic intrusives, mainly the schistose Davey Well Granite, gneissic granites and schists. Multiple potentially REE bearing pegmatites of the Thirty Three Supersuite have been mapped within the area.
work intended • Refined surface sampling • High resolution magnetics and radiometrics surveys • Maiden RC drill program of up to 1,000m
Hines Hill REE Project is – REE (Magnet Resource) 136km2
The Hines Hill REE project (Figure 7) consists of one tenement granted tenement (E70/5875) within the Yilgarn region, located 20km west of Merredin and along the Great Eastern Highway.
The project area is underlain by granites of the Yilgarn craton, with multiple SW/NEC trending dykes transecting the license.
work intended • Maiden aircore program of up to 2,000m
The Diemals Li/REE project consists of 6 tenement applications, (E77/2880 to E77/2885) within the Southern Cross Belt, located 185km north of Southern Cross and 75km east of Paynes Find.
The surface ferruginous concentration may represent REE mineralisation within the clay profile analogous to the inferred primary source of the clay hosted Koppamurra REE deposits held by Australian Rare Earths Limited (ASX:AR3) in South Australia. AR3 currently has a market cap of $92M
work intended • Processing of existing magnetic data • Detailed surface sampling
WCN Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
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