On 23 February 2024, the Company announced that it had signed two binding Tenement sale and Purchase Agreements (SPA) with Prodigy Gold NL (ASX: PRX) to acquire 100% of Prodigy Gold’s interest in three tenements in the Reynolds Range area of the Northern Territory – prospective for copper, gold, REE and lithium. The Reynolds Range project consists of three Exploration Licenses of which Prodigy Gold holds 100% of two licences and 80% of another, the 20% of this license is owned by Select Resources Pty Ltd. The project covers a total of 375 km2 of the Aileron Province, part of the Paleoproterozoic North Australian Craton.
I wonder if they hit gold worthy of further exploration they sell these graphite tenements to RNU? Not sure if graphite will recover in next few years for mining to go ahead by themselves ....won't have enough money to do all both set of tenements and not sure a CR for graphite would be that pleasurable, Mikes smart he'll know...
ITM Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
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