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41.8¢ metals x limited

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

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Onceover

2,376 Posts.

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24/07/19

15:37

Post #: 39672399
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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.

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

MLX Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 41.8¢		Change -0.018(4.02%)		Mkt cap ! $385.1M

Open	High	Low	Value	Volume
43.0¢	43.5¢	41.5¢	$675.3K	1.600M

Buyers (Bids)

No.	Vol.	Price($)
28	234768	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	134858	14

View Market Depth

No.	Vol.	Price($)
28	234768	0.415
17	366681	0.410
17	308097	0.405
21	652660	0.400
8	120275	0.395

Price($)	Vol.	No.
0.420	134761	13
0.425	223915	12
0.430	149182	10
0.435	100062	8
0.440	584338	10

Last trade - 15.40pm 13/05/2024 (20 minute delay)


Last 41.8¢			Change -0.018 ( 3.60 %)
Open	High		Low	Volume
43.0¢	43.0¢		41.5¢	970841
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