MLX entered into AGREEMENT to acquire phosphate tenement (67.5% net to MLX). We have 3 company making commodities plays: - Tin - Phosphate and - World class NICKEL...
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BHP correlates continuous stratigraphy (the phosphatic Poison Hill and Molecap Greensands and the Gin Gin Chalk) between more than 50 PWD drillholes between Perth and North Dandaragan and produces an interpretive sub-surface map of the Cretaceous Dandaragan Trough. Phosphatic drill cuttings are assayed with intersections of up to 20.8% P2O5, > 5cm phosphatic pellets and phosphatic fossils are recovered and the NewCo area is identified as that with the greatest potential to host economic phosphate mineralisation with the Perth Basin. Company geologists conclude that “the area could contain a resource of up to 600 MT of rock phosphate ore” (BHP 1977).
MLX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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