E25 - Lake Johnston, page-49

First 49 Last

Share
Profile

Follow
Garant

430 Posts.

153

22/05/24

22:16

Post #: 73964020
Share

Originally posted by WhatsTheTip: ↑

Charger threw a new wildcard into the Lake Johnston area thinking today with the definition of a Niobium anomaly. I'd suggest it was a fairly weak anomaly as the grades only reached 21.4ppm into the anomaly zone but still they got a 41% increase for the day.

For those not following (which is most likely heaps of people) WA1 has had a huge run on the discovery of not just a Niobium deposit but on with strong grades. It went from 14c in Oct 2022 to $21.30 today with a market cap of over $1b. This >10,000% return in a couple of years will draw in followers that look for a repeat and CHR appears to have pressed a few of those buttons. Do they have something of value - sorry I don't know. If there is a valuable find in Chargers tenement that is a adjacent to E25 that increases the value of E25's tenement.

They also defined an even larger 100ppm Li₂O anomaly on the southern boundary of E25's tenement. The blue arrows show areas where the soil anomalies are larger or right on the boundary with E25's tenement. Given the similarity seen either side of TG6 / CHR's boundary its likely that if E25 were to do soils on the CHR boundary they would also find >100ppm Li₂O anomalies.

Expand

Thank you for your effort and research WhatsTheTip.

Is there any current news on this? There may still be uncertainty regarding the Lake Johnston deposit because the dispute with Cacique Resources has not yet been finally resolved?

E25 announced the following:Subsequent to the end of the quarter an application for forfeiture was lodged by Cacique Resources Pty Ltd in relation to E63/2027. The application for forfeiture claims that the tenement holder has failed to comply with the expenditure conditions for the year ending 2023. Element 25 denies that it has failed to comply with the minimum expenditure commitment for the expenditure year the subject of the application and intends to defend the application.

E25 Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

BRX

Belararox delineates another porphyry in Argentina at Tambo South

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Your questions From the Floor: Investment experts respond...

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?