MRR 0.00% 0.9¢ minrex resources limited

A lot of news likely to come in over coming months, but what do...

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    A lot of news likely to come in over coming months, but what do you mean should be 'finished soon'?

    We know from the 21/4/2022 announcement that MinRex has finalised its planned exploration program over its Pilbara Lithium Projects and plans to drill up to 25,000m within the next 12 months as follows:
    • Drilling approvals already underway with 5x POW applications already registered.
    • Ground proofing and drill pad construction to commence in May.
    • RC drilling expected to commence over Tambourah North and Coondina Projects in June – August 2022. RC program currently targeting 8,000m over outcropping spodumene bearing pegmatites.
    • RC drilling expected to commence over Sisters and Shaw River Projects in August – October 2022. RC program currently targeting 8,000m over outcropping spodumene bearing pegmatites.
    • Additional geological mapping and rock chip sampling will be undertaken over Projects before drilling commences.
    • Infill and resource extension RC drilling over delineated Lithium mineralised zones expected to commence October – December 2022, targeting 9,000m of RC drilling with a view to defining new Lithium deposits.
    • Further extensional drilling to be planned once all 3D geological Models have been established for recommencement of RC drilling in early 2023.

    Based on the above, we can expect lithium-related announcements imminently about the construction starting this month for ground proofing etc - which will pave the way for the drilling to commence from June.

    All of this is just on the lithium side of the business. Given the recent strengths of that commodity, people forget about the gold side of the business. In that regard, people also often forget that staff of MRR are on the ground 24 hours 7 days a week at its Marble Bar gold projects working away busily for us shareholders. To be honest, I think we can reasonably expect some updates on the gold side shortly which will be a nice surprise for holders!

    Very exciting times ahead



 
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