Australia's largest stock trading and investment forum Australia's #1 stock forum

MLX

Click for more information

1.25%

40.5¢ metals x limited

Couple of typos but too late to edit. Ignore the caps.

First 3 Last

Share
Profile

Follow
Onceover

2,386 Posts.

1254

24/07/19

15:37

Post #: 39672399
Share

Originally posted by Onceover: ↑

Company stated during the conference call that drilling has started on the Brookes exploration Drilling Target. This is an 800m hole into a potential down plunge repetition of the Nifty orebody.

They already have mineralisation this far down plunge (10m at 1.12% Cu - see Page 11 of Quarterly), but structural reinterpretation suggests that this intersection is offset from the main LINE OF orebody at this point. The target zone is a repeat of the structural flexure that hosts the main Nifty orebody.
A decent ore grade/width intersection in this hole would be a major win. It would suggest a repeat of the known orebody, almost a kilometre to the east of present development, down a shallow plunge and therefore at accessible depth. Similar depth to the deeper intersections at Winu, but the Nifty mineralisation has higher grade and established mine infrastructure.
And of course the best place to look for a new orebody is right next to an existing mine.
The exploration potential is not to be sniffed at.

Expand

Couple of typos but too late to edit. Ignore the caps.

MLX Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Eurozone-based companies find new ways to secure a regional lithium supply

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

There are more pages in this discussion • 3 more messages in this thread...

First 3 Last

Add MLX (ASX) to my watchlist

(20min delay)
Last 40.5¢		Change 0.005(1.25%)		Mkt cap ! $367.0M

Open	High	Low	Value	Volume
40.5¢	41.0¢	40.0¢	$506.9K	1.251M

Buyers (Bids)

No.	Vol.	Price($)
5	117811	40.5¢

Sellers (Offers)

Price($)	Vol.	No.
41.0¢	177718	6

View Market Depth

No.	Vol.	Price($)
5	117811	0.405
8	102793	0.400
6	168479	0.395
5	200064	0.390
4	85778	0.385

Price($)	Vol.	No.
0.410	177718	6
0.415	210514	7
0.420	94229	4
0.425	247641	3
0.430	163000	5

Last trade - 16.10pm 25/06/2024 (20 minute delay)

MLX (ASX) Chart