Surus wasn't the best target as it was an unknown area!
The gravity surveys showed there was something there and the company took a chance and drilled one hole to see what's there!! It was 50% EIS funded, so we didn't lose much cash. We still could get a surprise when the assays come back.
WA1 thought they intersected IOCG material and it ended up being Niobium.
Target 2 and 3 are more promising, as they had some initial success from last years drilling, hence why they are doing some more RC holes to see what is there.
Target 2 showed Nickel and Target 3 showed Rareearths, from the previous drill holes.
Plus we have Targets 4, 5 and 6 to drill.
There is a long way to go.
CGR has ~$8.0M cash - MC $19m
RCR has ~$6.5m cash - MC $27m
LYN has ~$4.5m cash - MC $14m
Ann: Webb Project Drilling Update, page-160
-
- There are more pages in this discussion • 258 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.0¢ |
Change
-0.015(8.57%) |
Mkt cap ! $14.52M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.0¢ | $29.66K | 179.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 351931 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 27132 | 2 |
View Market Depth
| Last trade - 15.56pm 03/07/2024 (20 minute delay) ? |
| CGR (ASX) Chart |