Been drilling for 5/6 weeks now, results can’t be far off....

Been drilling for 5/6 weeks now, results can’t be far off. Volume and price break out in the last 2 days also, leg up coming.

Some interesting commentary about who’s on the share register…

https://www.livewiremarkets.com/wires/highly-leveraged-battery-metals-ipo-wins-backing-of-big-name-mining-identities

PVW RESOURCES (PVW):
It goes without saying that junior explorers are going to find it a lot harder to raise equity funds in coming months.
Even those with quality projects will find it harder, unless they are prepared to dilute existing shareholders big time by raising funds at the much lower levels forced by the broad market sell-off.
But it is not a problem for all of them as some got in before the door was slammed shut on sweetly priced raisings.
Those that did can forge ahead with their exploration programs while the rest of the pack will be tapping the brakes to ensure they don’t become distressed seekers of fresh capital.

The rare earths and gold explorer PVW is one of the juniors that can forge ahead, thanks to the completion of a $9.5 million two-tranche placement at 40c a share announced back in April to institutional and sophisticated investors, with the latter category rumoured to have included Gina Rinehart’s Hancock Prospecting.

PVW is now trading back at 29c a share for a market cap of $28 million due to the broader market sell-off. But participants in the placement won’t mind that as they got on board because of the potential for PVW’s Tanami heavy rare earth’s discovery in WA to shape up into something special.
About 80km to the north, the $195m Northern Minerals (NTU) owns the advanced Browns Range heavy rare earth project. So a rare earths province is the making. None of that is lost on PVW executive director George Bauk.
He was managing director of NTU for yonks. What he doesn’t know about the rare earths industry (and the xenotime-hosted mineralisation at Browns Range and PVW’s discovery) is not worth knowing.
George and the market got excited last October when rock chip sampling at the Killi Killi East target in the Tanami project area returned up to 12.45% in total rare earth oxides. The target was part of an 18km stretch of a regional unconformity now considered prospective for hydrothermal-related mineralisation.

Funds from the placement mean that PVW can get busy drill testing targets along the 18km stretch of unconformity to extend areas of known mineralisation. Its first drilling program is expected to kick of next month, initially at the Killi Killi East and Watts Rise prospects.
Rare earth prices were on the tear in 2021, with the price strength continuing in to 2022 as the world consumes more of the stuff in its decarbonisation efforts, and as part of a US and European-government back strategy for the West to wean itself off China’s vice like grip on the market.
It is a mega-trend, the importance of which swamps any nervousness that rare earth investors might currently have due to the broader equity market sell-off. All PVW needs to do now is to deliver drill results that confirm it is on to something special