Would you suggest that it is a bad sign that lithium results are...

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wrice93

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17/01/24

20:22

Post #: 71930810
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Originally posted by speckledjim1: ↑

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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Would you suggest that it is a bad sign that lithium results are yet to be released despite an announcement on the 22nd November that they were 5-6 weeks away?
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0 Great analysis

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