Stock head today. The owner of what could be Australia’s first...

Stock head today. The owner of what could be Australia’s first niobium mine has unveiled an initial 200Mt resource, establishing the Luni deposit as a leading, global critical mineral discovery.
Niobium, a lightweight critical mineral used largely in steel to make it stronger, has been catapulted into investor consciousness once again by WA1 Resources (ASX:WA1) – the ones responsible for uncovering the mammoth Luni discovery in 2022.The find at the time set shares in the stock alight, surging some 500%, on the possibility that WA1 may have unlocked a new critical mineral province in WA’s remote West Arunta region.
Fast forward only two years later, the company has gained some 7816%, carried out more than 29,000m of drilling, and has gone from a $9m market cap stock to above $1b.And today, well, it’s unveiled a maiden 200Mt inferred resource at 1% niobium with a significant, high-grade subset of 53Mt at 2.1% niobium.“This resource confirms Luni as the most significant niobium discovery globally in more than 70 years in an entirely greenfield belt in the West Arunta,” WA1 managing director Paul Savich says.