Its Over, page-7188

JADAR RESOURCES (JDR)
Market Cap: $20m
This stock @4C with Austrian lithium adjacent to European Lithium (EUR) (market cap $62m) could be a decent spec punt.
https://jadar.com.au/weinebene-lithium-project/
According to the company, the latter exhibits very similar geological setting to the Jadar Basin, which is host to Rio Tinto’s world-class Jadarite discovery = one of the world’s largest lithium deposits (Resource of 135.7 Mt @ 1.86% Li2O and 15.4% B2O3.

About the Austrian Lithium Projects The Austrian Lithium Projects are located in Southern Austria approximately 3 hours south-west of Vienna. The Austrian prospects containing indications of high-grade lithium targets with significant residual brownfields plus greenfields exploration potential across the entire 64 km2 project area.
The Company’s Weinebene project is immediately adjacent to European Lithium’s (ASX: EUR) Wolfsberg deposit, where the Company postulates that the veins which comprise the JORC compliant 10.98MT @ 1.00% Li2O resource at the Wolfsberg deposit3 , strike into the Jadar´s Weinebene project area. The Company also has identified several prospect areas withing its Eastern Alps projects that require follow up evaluation and drill testing.
The initial reconnaissance and rock sampling within the eastern Alps, defined numerous outcropping highgrade multiple spodumene-bearing pegmatite veins with the average value over the 70 samples being 1.61% Li2O and highest value 3.39% Li2O. There has been no modern and systematic lithium exploration on outcropping pegmatite (refer ASX Announcement 19 February 2019).
Initial Soil Sampling Work Done on Weinebene Project Area 3 EUR ASX announcement 3 July 2017 - Resource Increase at Wolfsberg

The lithium deposits of the type being explored in Austria are typically found in the form of spodumenebearing pegmatite vein-type deposits hosted by Paleozoic metamorphic formations predominantly mica schist, amphibolite and marbles. The pegmatites withing the Eastern Alps are related to crustal melting (anatexis) chemistry and that lithium enriched fluids are formed during high-grade regional metamorphism (higher amphibolite to lower eclogite facies). Spodumene mineralisation occurs in the form of a fine to coarse-grained mineralisation associated with quartz, feldspar and muscovite.

In addition JDR has also added a silver mine to its portfolio
Jadar Resources (ASX:JDR) could add to its diversified metals portfolio through the acquisition of a mothballed Queensland silver mine from defunct Moreton Resources’ (ASX:MRV) which ostensibly comes with 20Moz of contained silver.
Moreton’s Granite Belt tenement portfolio comprises five exploration tenements, one mining lease, and an in-situ crushing, screening, stacking and refining facility in the Silver Spur Basin in Southern Queensland.
Included in the tenements is the Granite Belt silver project which contains an estimated total JORC mineral resource of 12.1 million tonnes at 53 grams per tonne silver for 20.3 million ounces of contained silver.
The Granite Belt tenement is located three hours south-west of Brisbane, in southeast Queensland, in a region called Texas-Stanthorpe.
Historic silver mining area
The area hosted mining from the 1890s, the most significant of which was the Silver Spur mine which produced 100,000 tonnes at 800 grams per tonne silver, 25 per cent zinc, and 13 per cent lead.
The Granite Belt silver mining operations of Moreton Resources are currently on care and maintenance, but have all relevant permits, equipment and inventory.
Three copper and silver exploration targets – Hornet, Harrier and Hawker – are also in the package of tenements for copper and silver.
All of the assets will transfer to Jadar once it has completed due diligence for the deal.
Jadar also holds the Yanamina gold project in Peru that has a maiden JORC resource estimate of 6.7 million tonnes at 1.2 grams per tonne gold, and 4.31 grams per tonne silver for 265,987 ounces of gold and 934,500 oz of silver.