WTM 5.88% 24.0¢ waratah minerals limited

Lots of news to come!, page-15

  1. 14,405 Posts.
    lightbulb Created with Sketch. 2275
    Whilst MTA's Graphite tenements are along strike from both SYR and TON's Balama North and South Graphite tenements it is therefore worthwhile to look at some of the successes they are certainly having and what our management are proactively doing to advance our tenements.....

    TON asx announcement 31/7/14
    "There are a number of physical similarities between the graphitic outcropping seen at both the Balama North and Balama South projects. This would suggest that there is a strong possibility that the graphite mineralisation seen at the Balama South project, may have developed along the same sub-structure which extends in a north-east direction to the Company’s key Balama North graphite project some 30kms away."

    30kms....... How far away are our tenements? This high grade graphite runs over a very large area they are telling us!

    "Based on the very limited survey the graphite-rich rock appears to be outcropping on ridges and river beds in a north easterly direction for approximately 2 kilometres before descending beneath cover."

    Where have MTA's intial findings for graphite outcropping been identified? "The majority of rock outcrops that were discovered were located in creek beds (in situ)".

    "The initial limited reconnaissance mapping program conducted on Balama South, exploration license 5304, has located numerous occurrences of large flake graphite mineralisation and the presence of vanadium hosting roscoellite"

    Sound familiar folks? "A green mineral was observed within selected graphite bearing units that is suspected to be roscoelite, a mica mineral containing vanadium".

    "Triton has found that the airborne VTEM survey to be a very effective exploration method when delineating graphite mineralisation. At the Nicanda Hill prospect there is a strong correlation between the boundaries of VTEM data anomaly and drilling results confirming the graphite mineralisation zone."

    And to top it all off what are our management proactively doing from day1?
    "Electromagnetic survey to be conducted to define drill targets."

    Looking good to me......

    Can't wait for the results form those rock chip samples and the VTEM survey!
 
watchlist Created with Sketch. Add WTM (ASX) to my watchlist
(20min delay)
Last
24.0¢
Change
-0.015(5.88%)
Mkt cap ! $43.04M
Open High Low Value Volume
25.5¢ 25.5¢ 22.5¢ $534.1K 2.252M

Buyers (Bids)

No. Vol. Price($)
1 142801 23.5¢
 

Sellers (Offers)

Price($) Vol. No.
24.0¢ 30202 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
WTM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.