I'm no Geo, so would probably need someone with some expertise to describe what's going on. But the company has previously said Planalto was found with no outcropping (which made the discovery relatively remarkable as they were drilling without much guidance).
Planalto has great potential but is going to need to prove whether the thickness and mineralisation remains consistent closer to surface and along a decent strike (~500m would be a good start).
The proposed drill pattern looks to be roughly 1km x 500m (very comparable to the original Colina JORC dimensions).
This area has a strong chance of acting as a significant catalyst for the share price because it could tip us over 100MT - so definitely looking forward to seeing an update from the comapny.
I'm no Geo, so would probably need someone with some expertise...
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $616.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.5¢ | 21.0¢ | $734.3K | 3.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 150015 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 476284 | 13 |
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| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
-0.005 ( 4.60 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 22.5¢ | 21.0¢ | 1322379 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| LRS (ASX) Chart |