Because of the forecast surge in Nickel commodity prices, the Fraser ranges have become of a bit of a Klondyke gold rush, with companies pegging as many tenements as they can in the hope of repeating the Sirius Nova strike. Lots of EM conductors in the area so far have proven to be Iron pyrites or graphite.
Nova won't be the only deposit in the region, it doesn't happen like that, but too much importance is been given to that narrow strip. Some would do well to look further south west and north east.
I don't like it when explorers lose focus, the scatter gun approach to drilling all over is a quick way to burn money and find nothing. I'd prefer they say focused on high priority targets like Mars AT.
No problem with land banking FR tenements, but the ore isn't going anywhere, leave it for a future project.
Apollo trading today as AON, page-14
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