It's pity there is not more discussion about Karmaghtai in particular on this website. That is probably not only from lack of interest in Mongolia, but also a result of this being a very long term project.
stated there were indications that the newly discovered porphyry centres coallesce at depth. Does that indication come from microscopic or radiographic studies of the recent bedrock samples, or from further drilling Nothing has been announced to the ASX about this.
In any case this is a great prospect, and if it is a very large deposit as hoped and possible, the positive thing for me is that the environmental challenges in this flat dry environment are a degree of magnitude lower than similar deposits in other parts of the world which are mountainous and wet. In addition, landowner negotiations for sustainable lease tenure are probably a lot easier than in many parts of the world.
XAM Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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