Snuck in the last Lithium results Ann it was started that the resource target is now upgraded to 75-100mt @between .9-1.5% Li from 30-60mt @.9-1.5%Li
That's a tremendous upgrade and if target is hit would make DHR resource a top 8 Hard rock Lithium resource globally
Even if DHR hits the lower end of the target it still dwarfs AJM
Company Investments
Lakes Oil
- DHR owns 35.7% stake in LKO, holdings currently valued at $14 million AUD
- Advanced, drill ready, onshore conventional gas prospects in Victoria
- Also aquired NavGas assets – Roma Shelf, Queensland and Pirie Torrens, Wilkatana Oilfield.
- Court hearing date scheduled for 14 March 2017 vs Vic Govt (expected to take 2-3 days), positive outcome would be a game changer for the company IMO ---> potential to become a Victorian gas producer within 15 months
Dark Horse Energy
- 100% DHR subsidiary
- Focused on renewable and thermal fuel sources
- Advancing Argentina thermal project to tender (600-1200MW)
Corporate
- IMO one would be hard pressed to find a better management team in this end of town IMO...
Nick Mather – current CEO of SolGold, ~500mill GBP MC listed on the LSE. Sits on board of ANW, AJQ, LKO. Previous Chairman of TSX listed Waratah Coal prior to its $130m takeover
Neil Stuart – Cofounder of Orocobre, current lithium producer capped at ~1.4billion AUD
- Directors have decent skin in the game – hold approx 15pc of register
Projects
- DHR currently owns 25pc of Pampa Litio SA , option to aquire remaining 75% based on payment milestones
-Holds 35,000 hectares of exploration licences in San Luis + Cordoba (Argentina) prospective for hard-rock lithium deposits
Las Tapias
- Mined for beryl 1938-1965 with zones up to 80% spodumene and crystals up to 3m long. The spodumene contains extremely high average historical grades of 5.5% Li2O
- 300-400m x 150-200m pegmatite identified, lithium grades up to 5.74% confirmed with recent assays
- 3,000m drilling program scheduled March 2018
El Totoral
- Recent remote sensing program have mapped extensive pegmatites in the area of strike lengths up to 4.5kms
- Historical surface samples of 3.28% Li2O
- Detailed geological mapping and sampling underway, results due this month (Jan 2018)
San Martin
- Contains 2x separate belts approx. 5kms x 1.5km each with linear pegmatites up to 600m long and 30m wide. Further mapping underway.
Novillo Negro
- Pegmatites identified up to a strike length of 2kms long and 1.5kms wide. Further mapping underway
Los Domos Gold Project
- Combined exploration licence of 105 km2 in Santa Cruz, Argentina
- Highly prospective for large tonnage Au/Ag, epithermal vein/breccia style mineralisation
- Prolific gold producing region,including Cerro Vanguadia owned by AngoGold Ashanti, and Cerro Negro owned by Goldcorp
- La Punta Target – 1,000m x 500m with grab samples up to 56.7 g/t Au
Upcoming News Flows/ SP catalysts
1) El Totoral mapping and sampling update Jan 2018
2) Las Tapias drilling Q1 201
3) El Totoral drilling Q2 2018
4) Lithium JORC delineation target Q3 2018
These levels with the right leadership, right metal and strong news-flow across multiple highly prospective projects.
.and the aerial of the 4.5km long outcrop, this is massive.
The pre-drill target of 75Mt to 100Mt is a monster. First JORC is expected 3rd quarter this year.
Then there is the Gold tenements and $15m investment in LKO.
ORE.ASX co-founder being our Geo and his 100M + sharesholding certainly help the market pick up confidence.
Current Management team are the best personels that you can find for specs stocks right now.
SYA LKE PNN AGY AVZ AJM all had epic runs from 2 cents
Info courtesy of pevaix, Waiting4godot, Wolfee, Nytryda
Hope plenty here make some decent coin on this one it could be life changing GLTA
