MLS 4.00% 2.4¢ metals australia ltd

This stock has yet to be re-assessed for this last report,...

  1. 333 Posts.
    This stock has yet to be re-assessed for this last report, to-days report has massive implications and as I see it, a re-rating of its potential will soon start to dawn on the big investors.

    A meteoric rise similar to PDN is not counted out of possibilities.

    Report extract:-

    OUTSTANDING HIGH-GRADE URANIUM RESULTS FROM
    SAMPLING AT MILE 72, NAMIBIA
    Metals Australia Ltd (‘MLS’) is pleased to announce the following in regard to the Mile 72 uranium project in Namibia:
    · Trial pit sampling at the Kudu prospect has resulted a number of outstanding assays including:
    M72 KDUP 001 5, 329 ppm (0.53%) Uranium Oxide
    M72 KDUP 002 23,113 ppm (2.31%) Uranium Oxide
    M72 KDUP 004 9,639 ppm (0.96%) Uranium Oxide
    · Trial pit sampling shows an increase in the grade of uranium as depth increases.
    · The trial pits consisted of two sets of pits approximately 800 metres apart in the
    southern Kudu prospect area.
    · Initial pit and trench sampling shows a layer of uranium enriched gypcrete, of
    variable thickness, overlying a primary uraniferous system at depth, hosted by mineralised alaskites and granites.
    · An extensive programme of mechanical pit and
 
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