re: Ann: NIP: Change in substantial holding f...
Mighty excited over Minotaur.
Robin Bromby, Pure Speculation From: The Australian August 30, 2010.
(continued) London takes a look.
OCEAN Equities in London has been taking an interest in several Australian exploration stories of late. The most recent to pop up on its radar is NiPlats Australia (NIP) and the Speewah project -- northwest of the Argyle diamond mine in the Kimberley region.
NiPlats has just reported new surface sample assays, which include one of 5 grams/tonne gold, 8.1 per cent copper and high grades of silver. As Ocean Equities points out, the junior has bulldozed tracks into an isolated area that has not previously been explored, and that the setting and geological model is now interpreted to be of the same style and age as Mount Isa.
In the southern portion of the Speewah Dome, NIP has already discovered a high-grade vanadium deposit and a large fluorspar resource, fluorspar being used in chemical processes including the refining of several minerals.
Cape Lambert Resources (CFE) recently lifted its NIP holding to 39.25 per cent, and Ocean Equities notes that buying by non-executive chairman Anthony Barton -- whose most recent acquisition was another 580,232 NIP shares -- could be only a positive sign.
http://www.theaustralian.com.au/business/
CFE Price at posting:
33.5¢ Sentiment: None Disclosure: Not Held
