more on LU7, who have a project west of Adina:
they haven't started drilling yet, but are planning both a concentrator and a conversion plant. Prudently then they're planning on buying spod from nearby projects, and ultimately doing a JV a company they're buying spod from. Their selling point seems to be the ridiculously high level of experience and connections their board bring to the table.
Note they're showing in their presentation that they're 30km west of WR1's Adina, and saying they want to buy spod ore.
This is actually interesting because it puts the permitting risk mostly on LU7. (If you're just digging up the ore and driving it away, i.e. not processing the ore and disposing of the waste, then environmental permitting is much simpler and faster.)
It all sounds very ambitious, but what makes it interesting is the serious and experienced people involved with LU7:
Honestly hadn't heard about this project, but it's interesting what's happening in the Adina area, and ultimately positive for WR1.
more on LU7, who have a project west of Adina:they haven't...
Add WR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.22 |
Change
-0.020(1.61%) |
Mkt cap ! $232.7M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.24 | $1.22 | $435.0K | 353.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4357 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 1214 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.24 |
Change
-0.020 ( 0.68 %) |
||||
| Open | High | Low | Volume | ||
| $1.24 | $1.24 | $1.22 | 118753 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| WR1 (ASX) Chart |