Nah todays announcement actually was very bullish on what’s about to come.
So first drill hole 100meters away from historical drill hole.
1. Grades a significantly better 0.5% to 1% TREO compared to 0.4% TREO 2. The depth of mineralisation was excellent from 40m meaning the Carbonatite grades are getting better closer to surface rather than 150m in previous historical drilling 3. The 9 holes are closer to the centre of the Carbonatite and will be getting stronger and closer to surface
10 million market cap and matching exactly what WA1 hit on their first drill below. todays mineralisation grades between 0.5% to 1% all the way from surface to 500m and exceptional mineralisation starts at 40m. As drilling gets closer to centre of Carbonatite going to bigger in grades and further closer to surface. Still rerating and going through all time highs
MTM Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)