Whilst this Stansmore target has been drilled before back in the early 80’s by BHP, they were looking for Diamonds and when the results did not show the Kimberlites associated with diamonds they gave up on the area and moved on. Their drilling did not adequately test the magnetic anomaly which starts at ~150m…Now LYN have come along and found the magnetic anomaly which drew BHP to the area in the first place, to be prospective for Niobium-REE Carbonatite or IOCGI.
They have two high priority targets in Stansmore and Volt with three secondary targets in Edi, Earl and Menlo…
All this is on record….so nothing new here..
What I like now is how MorningStar have us at a fair value of 78c
Barcharts have upped their Ante from a 56% buy to a 72% buy
The whole West Arunta area could be prospective for Niobium and outside WA1’s proven Luni ground this one is my outside chance
IMO….time to accumulate….sit back and wait for the drill bit to prove up any possible resource
Ann: West Arunta 2024 Drilling, page-67
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Last
22.0¢ |
Change
0.015(7.32%) |
Mkt cap ! $11.65M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 23.5¢ | 21.5¢ | $18.77K | 84.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 59896 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 8894 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
23.0¢ |
Change
0.015 ( 13.6 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 23.0¢ | 22.5¢ | 48823 | ||
| Last updated 15.27pm 14/06/2024 ? | |||||
| LYN (ASX) Chart |