MLS 0.00% 2.1¢ metals australia ltd

Status of MLS Projects as at the 30th of September (according to...

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    Status of MLS Projects as at the 30th of September (according to my research which could be wrong)

    Projects in progress with announcements pending:
    Manindi Zinc Project - The Company would like to advise that drilling at the Manindi Zinc Project has been successfully completed and samples have been shipped to the laboratory in Perth for analysis. The Company
    will update its shareholders further when the results are received - Posted 9th of September

    Projects commencing soon:
    Lac Rainy Graphite - Phase II grab and channel sampling program has confirmed extensive high grade natural flake graphite mineralisation at the Lac Rainy Graphite Project, located in Quebec (Canada)
    Our metallurgical and characterisation test work program is due to commence shortly and this work will serve as a pre-cursor to our maiden drilling campaign. At this early stage, Lac Rainy appears to be similar to the most advanced battery-grade graphite project in North America, the nearby Lac Knife Graphite Deposit.
    Lac du Marcheur Cobalt Project - Phase 1 concentrated on the Lac Pauzé Showing part of this project and assay results from grab samples collected at the Lac Pauze prospect during the field program included:
    • Sample 128478 returned a result of 2,360 ppm Cobalt, 2,700 ppm Copper and 1,790ppm Nickel (select chip sample)
    • Sample 128479 returned a result of 362 ppm Cobalt, 2,930 ppm Copper and 693 ppm Nickel (grab sample)
    Sample results by the Company support the historic, and indicates the strongest prospectivity is in the Lac Pauzé Showing area, with further work required to define the extent of the cobalt mineralisation as well as better define the structural characteristics of the mineralisaton.
    Additional prospecting remains over parts of the property not yet assessed.

    New prospective acquisitions:
    Due diligence currently underway on a further cobalt project opportunity in the Cobalt Mining Camp of Ontario (Canada).
    Further cobalt projects opportunities are currently being evaluated by the Company - focus is on cobalt projects hosted in silver-cobalt veins.

    Projects that appear to be in limbo:
    Lac Le Motte Lithium - This prospect was identified as a potentially significant lithium lode, which is oriented in an east-west direction. It has been interpreted that this lithium bearing mineralized zone continues into the Lac La Motte licence boundaries and could represent an important source for mineralisation at the project.
    There are at least 6 known parallel LCT pegmatite dykes containing spodumene. The irregular distribution of the lithium-bearing pegmatite dykes in fractures in the granites suggests that this system of dykes could also be present on the Lac La Motte project.
    Lac Le Corne Lithium - The Quebec Geological Survey Department in July 2014 recorded outcrop 1584 as having high spodumene and molybdenum potential. This outcrop is located in the south-west portion of the Lac La Corne project.
    The Company has made contact with the Geological Survey Department geologist who was responsible for conducting this survey and subsequently identified the outcrop. Follow-up exploration is planned immediately for this high priority target.

    Projects that appear to be on hold:
    Lacourciere-Darveau Lithium - consists of 152 mineral claims and 28 mineral claim applications totalling approximately 104.25 km2 located approximately 15 kilometres west of the community of Malartic.
    Mile 72 Uranium - This tenement is a strategic holding with high potential for economic uranium mineralisation.

    Project with an unknown status:
    Sherlock Bay Extended joint venture - Located in the Pilbara region and is being managed and explored by Australasian Resources Ltd (ARH). The project surrounds ARH’s Sherlock Bay nickel deposit.
    Until the board advises otherwise I can only assume that ARH still has it even though ARH have been delisted and nothing is mentioned on their website about it.

    Most of the above info has been cut and pasted from various announcements.
 
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