MTB is due for news, progress re Gallium & Germanium.
Higher prices for Lead Silver Zinc, will push up demand, & especially Ga & Ge will re rate MTB.
Jorc resource on 2 projects will also add value, more drilling is in sight, i would like to see far more
speed with proactive exploration, But we need approvals.
MTB do have copper on tenement, also yet to be explored, they should be aiming for soon too.
As the Company’s Kihabe-Nxuu project is situated on tribal land, the Company’s EIA consultant has submitted a detailed EIA to the DEA, for which the Company is now awaiting approvals.
The sample preparation has now progressed to a point where the samples are ready to be subject to mineralogical test work to determine the host minerals for Gallium and Germanium. Once the host minerals have been determined, metallurgical recovery test work will then be conducted. During the quarter initial gravity and leaching test work was programmed and commenced in mid-January 2024.
Following completion of the drilling campaign, the Company believes it will be able to generate a Measured/Indicated Mineral Resource Estimate for the Nxuu Deposit, compliant with the 2012 JORC Code. A revised Mineral Resource estimate will enable the Company to proceed to a Pre-feasibility study, followed by a Definitive Feasibility Study.
MTB Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
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