ENR encounter resources limited

Summary of last 5 days interpreted activity at McIlroy and...

  1. 3,410 Posts.
    lightbulb Created with Sketch. 9754
    Summary of last 5 days interpreted activity at McIlroy and Shackleton.

    On Falcon gravity

    Access lines relatively obvious but drill sites are not.
    Might have been more drilling at McIlroy east other than that highlighted.

    ENR keep surprising me with the rig moving down to the Shackleton area. Been interested in the Shackleton area for awhile though IMO it will be unlikely if much turns up. Got to try though.
    The western line is targeting the gravity high (early elevated REE grab sample taken in this general area. The eastern line is just SE of a large prominent outcrop of Lake Mackay quartzite (see GE image below).
    https://hotcopper.com.au/data/attachments/6377/6377027-7b7255ca5ecb4d304a534864853fe79f.jpg

    On Magnetics

    Shackleton magnetics appear linear and do not reflect the gravity high.

    https://hotcopper.com.au/data/attachments/6377/6377024-00f1fcb4912d30b195423e58589cda9a.jpg

    https://hotcopper.com.au/data/attachments/6377/6377049-02bf2163e4a53aec0b4aca8fe033eb3b.jpg
    Probably closer spaced drilling (<=160m spacing vs ~320 (east line)) on the western line. Especially over the gravity high?
    Rough outcrop outline in yellow. Access road in red and visible on this recent image.

    ==========================
    Another 30 sites to add to the 100 holes shipped recently and probably another hundred or more before that are already working there way through the system.

    Lab(s) are probably overloaded with samples and working as fast as they can.

    Companies give estimated dates for results with lab timing out of their hands. Might get it right sometimes but don't be too surprised if there are some delays.
    With this many samples in the pipeline there will be a slow but probably relatively steady release of results.
    Last edited by salpetie: 12/08/24
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
22.0¢
Change
-0.010(4.35%)
Mkt cap ! $109.7M
Open High Low Value Volume
22.0¢ 22.0¢ 22.0¢ $3.384K 15.38K

Buyers (Bids)

No. Vol. Price($)
2 11831 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 47150 2
View Market Depth
Last trade - 14.03pm 16/06/2025 (20 minute delay) ?
ENR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.