This project looks very promising. Keys for me is its similarities in grade and REE ratios to the Ionic Clay REE deposit Serra Verde just to the south, which is also part of the same host, the Serra Dourada Granite.
Most of the historical holes only tested the alluvial and stopped short of the saprolite. One auger hole which did intercept mostly saprolite had 1057ppm TREO so I expect similar grades when they do a proper drill program (disclaimer the historical grades aren't in accordance with JORC 2012).
I sold my free carried bag of SLM and bought ALV today. Yes cap raise imminent but in terms of the projects potential this could be multiple bags if it turns out to be what I think it is, an absolute monster.
This project looks very promising. Keys for me is its...
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.88M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $15.63K | 142.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 184537 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 41770 | 1 |
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| Last trade - 10.14am 28/06/2024 (20 minute delay) ? |
| ALV (ASX) Chart |