Holy shnitzels.
This is total hot air.
From the announcement:
So you have 10ppm Ga in mica. Gallium is usually produced from Zn fuming, and as a by-product from aluminium smelting. Here, the Ga shows the association with aluminium in the mica. Mica is not used in alumina.
I would suggest investors consider whether there is a viable metallurgical route to producing gallium, and what the costs might be. Remember that the crustal abundance of gallium is about 18ppm, so Kihabe is actually HALF the average abundance in the crust, stuck in a mineral that is not used to make alumina, and gallium is recovered from alumina slags. I mean, come on people, this is a simple concept to realise that this is worthless.
Nigel has been desperate to turn a trick from Kihabe (which is a great Zn-Pb-Ag deposit, don't get me wrong) and has just reported multi-element assays. Believe me when I say this, but in about a week from now you will see a bunch of random companies coming out with bauxite resources and exploration targets with Ga of 50ppm, 60ppm, maybe more. People will just sort their Ga assay columns by greatest to lowest and some sly shysteroid will spurt an announcement out in no time.
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- Ann: Significant Gallium Exploration Target at Kihabe Deposit
Ann: Significant Gallium Exploration Target at Kihabe Deposit, page-22
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