In the last quarterly activities report JRL wrote:
"Pilbara Project (Jindalee 100%)
The Pilbara Project comprises seven Exploration Licences and two Prospecting Licences centred approximately 20km south of Karratha in the western Pilbara region of Western Australia. The tenements lie in close proximity to the Radio Hill nickel deposit and the Mt Scholl series of base metal deposits and are considered to be prospective for copper-lead-zinc-silver, nickel and gold mineralisation.
Discussions regarding the divestment of the Pilbara Project are well advanced and it is expected that the process will be concluded in the September quarter."
Hope the new CEO will come out with some clear results on these very interesting prospects! Not sure if divestment of them would really be in the interest of the SHs with the unfolding wits 2.0 story. These tenements are in the middle of it all and should be worth a bit......
Anyway, September quarter is finished and we have not heard about it. Think that is a good sign. Hope JRL realized the value of these tenements before giving them away to Novo or Artemis....
JRL Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held