WA1 RESOURCES (ASX:WA1)
WA1 shareholders have enjoyed a breathless rise from 13.5c tiddler to $4.85 market darling in a touch over seven months.
That’s a ~3500% gain, sparked by ongoing exploration success at the super high-grade West Arunta niobium project on the WA/NT border.
Niobium is mainly used to make steel better, but also has growing uses in lithium-ion batteries, intelligent glass, solar panels, 5G tech, and nuclear energy.
Ferroniobium metal (65% Nb) sells for ~US$45,000/t.
Two discoveries have been made thus far, Luni and P2. The more advanced Luni is returning shallow high grade drill hits like 13m at 5.0% Nb2O5 (within an overall interval of 31m at 3.5% Nb2O5) and 10m at 4.0% Nb2O5 (within an overall interval from 39m of 24m at 2.1% Nb2O5).
Luni is currently 400m long and 200m wide, and open in all directions.
For reference, there are three major niobium mines in the world; two are high grade (between 1% and 2.5% ore grade), while the third sits at around 0.5%.
- Forums
- ASX - By Stock
- Something brewing....
WA1 RESOURCES (ASX:WA1)WA1 shareholders have enjoyed a...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRD (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.784M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MRD (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online