Goyder aims to be Goldilocks with not-too-early, not-too-late development of Kathleen Valley.
STOP PRESS: Legend Mining (LEG) has gone into a trading halt pending the release of assay results from the third hole in its current drilling campaign at its Area D prospect, part of its broader Rockford project in WA’s Fraser Range.
The Perth gossip was that it has made a nickel-copper “discovery”, though there was no fix on the size of the intersection or the grade of the mineralisation, presumably because the hit had only been made in recent days.
The widespread use of the term discovery in the gossip suggests that visually at least, Legend has hit something special.
Should assays next week, at the earliest, confirm a discovery, the find will give the other juniors in the Fraser a boost.
Exploration in the remote Fraser lit up in 2012 when junior explorer Sirius Resources discovered the Nova nickel-copper deposit. Sirius was taken over by Independence in 2015 for $1.8 billion, and the hunt has been on for the next Nova ever since.
Independence owns 14.2% of Legend while prospector legend Mark Creasy owns 26.8%.
Now back to Liontown Resources (LTR)
Virtue signalling celebrities are increasingly taking to social media platforms to declare that they plan to either curb or avoid all together air travel because of the carbon emissions intensity involved.
Cars with internal combustion engines will be next. But unlike air travel, where the only alternative is to flap their arms, the celebrities and the rest of us have an alternative when it comes to cars in the form of electric vehicles powered by lithium-ion batteries.
There was some of that in Tim Goyder’s address as chairman – and 17% shareholder – to shareholders at Liontown’s (LTR) packed annual meeting in Perth on Wednesday.
In what amounted to a rallying call to shareholders in the face of the great 2019 slump in lithium markets, Goyder said he believed the wave of demand from lithium-ion powered batteries was coming at a rapid pace.
Still, he said shareholders had to be patient for the next few years, which is in keeping with what most battery supply chain observers are suggesting.
Plus, Centaurus awaits first assays from Brazilian nickel sulphide project. Read more +