PEX 0.00% 11.5¢ peel mining limited

Ann: Large-scale mineral system at Wagga Tank confirmed, page-71

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  1. 1,739 Posts.
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    Hi Happytrader

    You pose interesting questions and I’d say in respect to Mallee Bull, Peel and CBH/Toho may agree to arrange to mine.
    This to get the most at depth out of the richer copper loads... under T1 Silver Ray, and to bear in mind as Mr. CopperBull has suggested, there’s still strike at Mallee Bull North.
    T1 clusters are currently being drilled to add to economic returns.
    Mallee Bull may be mined at depth for much longer than we can yet tell, so quite like many rich Cobar mines they can fruitfully expand in many directions for decades to come.

    As for Wagga Tank Southern Nights;
    given extensive fantastic results to date and the recent report that they join making a mega (circa 2klm well mineralised system)
    and as... The Bird/Fenceline is sitting on a long strike/scale EM anomaly, these and the greater immediate region/s (shown in pink in Robs annual report per the circular area) as yet to be drilled, pose a strong case for it all to be secured, and ultimately managed by a monster mining company.

    I expect consequently and logically that we will see opportunistic buying from many current & a few new mega investors, as this project gathers pace.
    Cheers Sarg
 
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