WA1 3.27% $17.98 wa1 resources ltd

The reason for the X is given. Should have read the text prior...

  1. 2,929 Posts.
    lightbulb Created with Sketch. 7620
    The reason for the X is given. Should have read the text prior to spending time on re-inventing the wheel.

    Assay results have also been received relating to short-range variability testing which was completed in the eastern zone of the carbonatite. This drilling comprised 16 RC drillholes (LURC23-251 to 265) at an average spacing of 28m between holes. The program is the basis of an important study to inform the Mineral Resource estimation process and analysis of the results suggests that niobium mineralisation is continuous over shorter-ranges and provides further confidence in the current drill spacing.Two diamond drillholes were completed as twins (or close-spaced) to RC drillholes. These drillholes returned broadly similar tenor of grades to their RC twins. LUDD23-020 is located approximately 1.4m from LURC23-147 (refer to ASX announcement dated 8 November 2023), and returned 72.1m at 0.5% Nb₂O₅ from 30.9m. LUDD23-024 is located in the north-eastern zone,approximately 5.9m from LURC23-045 (refer to ASX announcement dated 29 June 2023), and returned 63.2m at 1.6% Nb2O5 from 46.7m, including 25.9m at 3.2% Nb₂O₅.

    https://hotcopper.com.au/data/attachments/6070/6070867-88f13abbfdb652dcc2b07a3267aefa7e.jpg
    Vs this very rough schematic of the same section albeit a "mirror" image

    https://hotcopper.com.au/data/attachments/6070/6070870-2079d98d15532d002dfd779ea83b4eb2.jpg
    The red bulk outlines are carried by high grade zones with the halos being lower but likely to be part of the whole. Normal enough with relatively high variability of grades. The zones are coherent on this section but taper off at the margins.

    The other wing of the X is perhaps more problematic with hole 255 providing an apparent or real conundrum.

    https://hotcopper.com.au/data/attachments/6070/6070879-f37c9ca0b34eacef834e9d6ef58d9af7.jpg
    The gap between 255 and 244 is filled with the diamond and RC holes DD001 and 26 as per the above NW SE imagery.

    Near surface high grade zone with patchy deeper except for 255...

    This section is not as consistent as the other but probably adequate to justify only 50m infill in areas of high grade shown in 100m spaced work. A work in progress by WA1 which is above my pay grade/experience. Inferred vs Indicated vs Measured can be helped with data such as this IMO.

    ======================
    A quick update shows https://hotcopper.com.au/data/attachments/6070/6070905-8e028c0ad94b4ee89e66745edf38fb87.jpg


    Most DDH have not been reported either as assayed or with collar coordinated. Don't know details just the above white diamonds which may not be all.
    White pentagons probable holes with assays pending maybe 12+-
    Green circles are possible site prep with some doubt about areas A and B. A might be misinterpretations. B sites show up on this map in the recent announcement but do not correspond to obvious sentinel disturbances that I could see.

    Another data base issue is gaps in the hole sequence for the RC with numbers up to 265 reported. But no data found for these 87 holes:

    Hole ID
    1LURC230041
    2LURC230651
    3LURC230761
    4LURC23082-0843
    5LURC23088-10013
    6LURC23105-1095
    7LURC23111-1144
    8LURC23137-1382
    9LURC231551
    10LURC23158-1592
    11LURC23183-23048
    12LURC23244-2496
    13
    87

    Pre numbered holes can lead to this happening and the drill sequence changing.
    Some probably relate to holes with pending assays.
    Others Mea Culpa for not being thorough sifting through multiple announcements and either missing them or losing them in the trees.




 
watchlist Created with Sketch. Add WA1 (ASX) to my watchlist
(20min delay)
Last
$17.98
Change
0.570(3.27%)
Mkt cap ! $1.100B
Open High Low Value Volume
$17.81 $18.28 $17.55 $6.323M 352.3K

Buyers (Bids)

No. Vol. Price($)
5 372 $17.97
 

Sellers (Offers)

Price($) Vol. No.
$17.99 71 2
View Market Depth
Last trade - 15.28pm 03/05/2024 (20 minute delay) ?
Last
$17.94
  Change
0.570 ( 2.83 %)
Open High Low Volume
$17.81 $18.27 $17.70 11374
Last updated 15.48pm 03/05/2024 ?
WA1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.