Now to put a huge smile on shareholders dials. I am fairly confident that the Muchea Silica depots is higher grade than the Mitsubishi Cape Flattery deposit. Right next to Cape Flattery is MLM, Metallica minerals, they have a Silica project right next Mitsubishi. They are basically land locked as they would need to transport across the Mitsubishi tenement to the port, I doubt Mitsubishi would allow a competitor access. Metallica resources have done a test drill program and the results are on their website and also on the ASX.
Here is the clincher imho, check out the grades and especially the iron content in the analysis of the drill holes right next to the Mitsubishi deposit, notice the fall off in grades when approaching the Mitubishi mining area. Now compare with the Muchea drill sample data. I think that a small amount of beneficiation at Muchea is going to put the Silica there up into very high quality optics and pharmaceutical grade, remember that grade is king and commands top dollars. If the beneficiated test work for Muchea comes back at 99.997 (long shot) then it will be on big time.
Calculator ppm to percentage as Ventnor use ppm
https://www.rapidtables.com/convert/number/PPM_to_Percent.html
Metallica Resources,
http://www.metallicaminerals.com.au/wp-content/uploads/2016/09/High-Purity-Silica-Sands-at-Cape-
Flattery.pdf
Muchea Silica deposit,
https://clients3.weblink.com.au/pdf/VRX/01968376.pdf
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Silica, research points to a huge growth market., page-87
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