- Drilling confirms Bua Channel as a high-grade, rutile dominant, sand-hosted, channel placer deposit,within the emerging Malawi Rutile Province.
- Air-core drilling results extend confirmed rutile mineralisation to over 5km length
- The Bua Channel is geologically well defined over a total length of ~50km. Planning for a drilling program to test the remaining +40km length of the channel is well advanced.
- First phase air-core results with 17 holes received to date from a total 54 holes. Results include;
- 8m @ 0.88 % rutile, 1.5% ilmenite & 0.08% zircon (from surface)
inc. 5m @ 1.02% rutile, 1.7% ilmenite & 0.09% zircon (from 3m)
- 7m @ 0.85% rutile, 1.4% ilmenite & 0.08% zircon (from surface)
inc. 3m @ 0.96% rutile, 1.6% ilmenite & 0.08% zircon (from 4m)
- 8m @ 0.79% rutile, 1.3% ilmenite & 0.07% zircon (from surface)
inc. 3m @ 0.92% rutile, 1.5% ilmenite & 0.08% zircon (from 5m)
- QEMSCAN mineralogy has characterised the ilmenite as high quality with TiO2 content of ~60% indicating it may be suitable as a chloride feedstock potentially adding significant value to the overall mineral assemblage
- A large number of drilling samples remain to be reported from the new Kasiya saprolite-hosted rutile discovery, the Bua Channel discovery and additional new regional prospects...................
http://www.investi.com.au/api/announcements/svm/650c7f72-049.pdf
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72.0¢ |
Change
0.025(3.60%) |
Mkt cap ! $462.5M |
Open | High | Low | Value | Volume |
69.0¢ | 72.0¢ | 69.0¢ | $211.8K | 300.2K |
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No. | Vol. | Price($) |
---|---|---|
4 | 42747 | 70.0¢ |
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Price($) | Vol. | No. |
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72.0¢ | 51776 | 4 |
View Market Depth
No. | Vol. | Price($) |
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1 | 15 | 0.715 |
6 | 45705 | 0.700 |
4 | 1226 | 0.695 |
4 | 14644 | 0.690 |
6 | 90130 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.720 | 51782 | 4 |
0.725 | 1500 | 1 |
0.745 | 50000 | 1 |
0.750 | 250700 | 3 |
0.755 | 1100 | 1 |
Last trade - 16.11pm 10/07/2025 (20 minute delay) ? |
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