STTCOMP PIM FA LONG
Pinnacle Minerals 20c
SOI 45.6m
Cap $9m
Cash $2.75m - 30 Sept 2023
(also 45m PIMO ex 25c 2026 but a long way from diluting)
Top 20 hold 70.5% inc 20%
Pinnacle holds ground in Canada (lithium proximal WR1) West and South Aust (REE,HMS,Kaolin + URANIUM)
Lithium assays are pending from their 75% owned Adina East project in Canada
17.01.24 announced granting of Wirrulla Uranium/ rare earth project in Sth Aust
Significant U3O8 intercepts at the Yarranna project include:
3,550ppm U3O8 over 1m from 66m (IR1377)
1,400ppm U3O8 over 1m from 69m (IR1378)1
(1 - Open File Envelope No. 4010, Carpentaria Exploration Co. Pty Ltd, 1984)
Recent satellite and radar imagery analysis has highlighted the potential for uranium (U3O8) mineralisation within the Narlaby paleochannel in its newly granted Wirrulla Project ("Project”). This Palaeochannel is linked to isoEnergy’s (ISO.CVE) Yarranna Uranium Project which has significant uranium intercepts of up to 3,550ppm U3O8
Iso Energy ISO.V is a C$700m cap uranium explorer
Nexgen NXE.TSX/ NXG.ASX is a C$5b cap uranium developer and owns 50.1% of ISO.V
shows proximity of PIM ground to ISO Energy
Clearly early stage but probably the cheapest uranium play now on the ASX
Neighbours are heavy players in the Uranium Industry
Incredibly tight share structure
Bonus highly prospective lithium in Canada
Sth Aust best uranium jurisdiction in Aust
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STTCOMP PIM FA LONGPinnacle Minerals 20cSOI 45.6mCap $9mCash...
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