CR1 constellation resources limited

Ann: Trace Magmatic Nickel Sulphides Intersected in AC Drilling, page-41

  1. 2,948 Posts.
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    Honestly I did not much expect surprising outcomes from Kitchener project(E28/2403) for the following reasons:
    (1) LEG's Mawson and GAL's Lantern prospects are located in same region of so called a northern Kitchener Range and, so far, they didn't show us commercially viable ore body(ies) from my interpretation. And E28/2403 tenement also lies within same range and I boldly presume that it is also likely similar outcome.
    (2) In addition, company had encountered no conductor(s) over there from previous company announcements, even it mentioned conductor(with no details) at the latest announcement. No conductor means literally there is no target to drill or where to drill situation is to be raised.

    But I do not think any all good possibilities are disappeared from Kitchener project because the following tenements were acquired previously by former AON(E28/2738 CR1 100%) and by either former AON or CR1(small ELA 28/2957 CR1 100%). Without knowing anything important or significance more than market, they do not need to apply for additional tenements surrounding E28/2738.

    When about selling any finding deposits in FR to IGO, the price is likely to be primary material or just feeding stock price. So if deposit size is excessive and better grade than Nova, company can possibly consider any value adding option as well for better return, imo.

    Regards,
 
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