Moora

According to the LTR threads the AGM confirmed that Moora drilling will be commencing soon. Liontown tenements are shown in the light blue area in the map below with ENX applications shown to both the north and south in yellow.

The pre-drill analysis from LTR show some interesting areas from a mag, gravity and rock chip sample perspective (and yes ENX tenements are shown next door on these images)

Plotting these areas on a map showing LTR and ENX tenements with magnetic intensity data gives some indication of the potential for these blocks (Milling and Walebing) once groundwork can commence

Having spoken with the company in depth I personally have confidence holding and adding leading into next year for a number of reasons:

- The company is run on a shoestring and they appear to be extremely adverse to unnecessary dilution

- They are prioritising targets and doing pre-emptive work with landholders so they can hit the ground running once approvals are in.

- With such a large landholding they are looking for ‘screaming targets’ to drill. My personal opinion is that with such a large land holding this should be achievable.

- The application process appears to be progressing well and there are regional heritage agreements for this area that they plan on leveraging which gives me confidence there will be no major delays to indicative timeframes.
- Geophysics, Geochem, ultramafic mapping, cover-depth work and tenement approval should provide good news flow in the first part of next year followed by an exciting drill program
- LTR, CVV, CHN and others nearology is all relevant to ENX with such a large tenement application area.
- Kimberly tenements may also provide some interesting news flow next year.

So although by going through a non-JV approach to get hold of ground to drill (ala MAN), once approvals are in ENX will be in a very strong position for a company with such a small MC. Current technical weakness is potentially providing a good opportunity for some to position for next year imo.

All my opinion only, please DYOR