A good read, thanks Reggie. There is also much evidence supporting that the west coast of Australia was also connected to the east coast of South Africa and many prospective explorers are correlating mineral and oil discoveries in WA with what is known in East Africa. It would be interesting to do some research on what part of Canada and North America North Australia was connected to in relation to what minerals have/or haven't been discovered over there.
But, there's no denying that North Queensland, including Mount Isa and Georgetown, have proven great resource discoveries in the past and Agate Creek, 90k from Georgetown could very well be an extension of that rich geology.
In fact, LNY has already proven a JORC compliant resource of 381,000 ounces from just 10% of it's entire lease in Agate Creek, so, it could very well be an extension of the Kidston geology.
It just continues to amaze me that management haven't had this TO agreement and Mining Licence stitched up much, much earlier!!!!! Meanwhile, the bull fight continues between buyers and sellers around that .004 mark??!! QR due Wednesday or before, I am certainly NOT expecting any "material" news, but, surely they can at least give us some progress news to kill that speculation??
Surely they've made SOME progress that we don't know about.
LNY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held