Fraser Range
The region is mostly populated by junior mining companies, listed on the ASX, with Sirius Resources (ASX:SIR) the big player in the area. The area first stepped in to the spotlight about two years ago when Sirius discovered a type of nickel mineralization previously not seen in Australia. The Nova nickel and copper discovery, as well as the Bollinger and Polar Bear deposits boostedSirius Resources from a $6 million market cap to a roughly $1.3 billion.
Three junior mining companies have released news within the past two weeks about projects in the Fraser Range.
Ram Resources (ASX:RMR) has been operating in the area since acquiring the Fraser Range North and South projects in 2012. Ram currently owns an 86 percent interest in the projects. As of September September 22, the company had identified four targets within its Fraser Range South project which it says will test further to confirm the presence of nickel.
RMR Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
