great read up in Gruyere discovery!

First 31 Last

Share
Profile

Follow
Leigh1983

362 Posts.

58

26/08/20

19:08

Post #: 46843916
Share

Originally posted by ratmill: ↑

Okay, I have changed my opinion on what this trading halt is about.

After doing some research on the area and what potential it has I couldn't help but think why they would sell it. I then found myself on their website reading about their Cosmo Newbery project. It seems to me the only reason they haven't been hammering this area with exploration is due to the aboriginal reserve restricting access. My thoughts is the negotiation draft from march 2020 has been accepted and now they can begin exploration on this lease. The tenement they have is huge (470km2) and they own most of the green stone belt.

Here is some information I found interesting from 3D's website:

Part of the reason why this area remains largely unexplored is that it lies on an Aboriginal Reserve where access requires special permitting. In 2017 3D Resources Limited acquired access to do some preliminary reconnaissance work but later that year the Federal Courts ordered two native title groups claiming this area to merge under a single Prescribed Body Corporate. A new body was formed in September 2019 and official drafts of an Exploration Access agreement as a basis for initiating negotiation was received in May 2020. This creates the opportunity to explore this very exciting area and this warrants a major new initiative for the company.

I could definitely be wrong and they are in fact selling it or organizing a JV but who knows this could potentially end up over shadowing their Adelong project.

Either way, exciting times ahead! GLAH!

Expand

great read up in Gruyere discovery!

DDD Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

QHL

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

PFE

Pantera begins drilling of maiden test well at Smackover

C29

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

First 31 Last

Add ADG (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $5.030M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
26	13085043	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	4811321	7

View Market Depth

No.	Vol.	Price($)
26	13085043	0.004
33	13823965	0.003
12	88960000	0.002
10	68555000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	4811321	7
0.006	5461004	7
0.007	9186635	5
0.008	5833333	5
0.009	5194444	4

Last trade - 10.46am 07/11/2024 (20 minute delay)

ADG (ASX) Chart

Day chart unavailable

great read up in Gruyere discovery!

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Pantera begins drilling of maiden test well at Smackover

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

great read up in Gruyere discovery!

Top Stories

Aerospace smallcap Quickstep Holdings jumps nearly 100% after 40cps takeover offer

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Pantera begins drilling of maiden test well at Smackover

C29 Metals wins Kazakhstani uranium drill run green tick, Kazatomprom talks mature

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News