penn
26-06-2015, 09:35 PM
Goldphyre
(-Not Mrs Doubtphyre-) DYOR
but a (asx) Mineral explorer with Market cap only 3m. and
100% of six projects made up of 11 tenements - Lake Wells, Yamarna, Mailman Hill, Island View,
Laverton Downs and Gambier Lass.
----Now The Lake Wells Project tenements have been largely under-explored. Historically, the region was considered too
remote and received little, systematic exploration. The Archaean geology was also not well understood and in many
places covered by sand deposits which also discouraged past explorers – until now. A recent study carried out by the
Geological Survey of WA (part of the Dept. of Mines and Petroleum) in 2010 found that the Yamarna Belt was similar
in age and characteristics to the Kalgoorlie Terrane greenstone rocks.
So Could be gold in themtharhills. But - looks like they have found 'SOP' Sulphate of potassium. -Essential in fertilizers,
And:- analysis,
"positions the Lake Wells Potash Project amongst the globe’s highest grade SOP brine
projects."
"The Lake Wells Potash Project is aiming to become the first Australian brine 'SOP' operation meeting the
domestic market demand"
"Australia imports 100% of its annual 'SOP' requirements, estimated at 500,000 tonnes per annum"
"SOP is a premium potash fertilizer (SOP prices are currently US$680-A$880/t) with limited supply globally."
(From Investor Presentation 24/june 2015-)
The Lake Wells Potash Project is 100% owned
Lake Wells identified as one of the highest
potash potential salt lakes in Australia
Very high grades at surface - exploration at depth required to uncover potential
No Native Title claim existing
Low CAPEX brine operation potential
Highly conducive environment for evaporation ponds
Eastern Goldfields location with quality infrastructure, 300kms overland to bulk rail terminal at Leonora
Drilling campaign imminent to determine potential at depth.
DYOR but at 3m market cap I for one would rather let these guys do the drilling, and (IF) they were to find a Lithium deposit
in the deeps...aswell ..well who knows... IF not DYOR... (WTFWIK) ;) DYOR
(-Not Mrs Doubtphyre-) DYOR
but a (asx) Mineral explorer with Market cap only 3m. and
100% of six projects made up of 11 tenements - Lake Wells, Yamarna, Mailman Hill, Island View,
Laverton Downs and Gambier Lass.
----Now The Lake Wells Project tenements have been largely under-explored. Historically, the region was considered too
remote and received little, systematic exploration. The Archaean geology was also not well understood and in many
places covered by sand deposits which also discouraged past explorers – until now. A recent study carried out by the
Geological Survey of WA (part of the Dept. of Mines and Petroleum) in 2010 found that the Yamarna Belt was similar
in age and characteristics to the Kalgoorlie Terrane greenstone rocks.
So Could be gold in themtharhills. But - looks like they have found 'SOP' Sulphate of potassium. -Essential in fertilizers,
And:- analysis,
"positions the Lake Wells Potash Project amongst the globe’s highest grade SOP brine
projects."
"The Lake Wells Potash Project is aiming to become the first Australian brine 'SOP' operation meeting the
domestic market demand"
"Australia imports 100% of its annual 'SOP' requirements, estimated at 500,000 tonnes per annum"
"SOP is a premium potash fertilizer (SOP prices are currently US$680-A$880/t) with limited supply globally."
(From Investor Presentation 24/june 2015-)
The Lake Wells Potash Project is 100% owned
Lake Wells identified as one of the highest
potash potential salt lakes in Australia
Very high grades at surface - exploration at depth required to uncover potential
No Native Title claim existing
Low CAPEX brine operation potential
Highly conducive environment for evaporation ponds
Eastern Goldfields location with quality infrastructure, 300kms overland to bulk rail terminal at Leonora
Drilling campaign imminent to determine potential at depth.
DYOR but at 3m market cap I for one would rather let these guys do the drilling, and (IF) they were to find a Lithium deposit
in the deeps...aswell ..well who knows... IF not DYOR... (WTFWIK) ;) DYOR