DGR

0.00%

1.0¢ dgr global limited

Great post Toro, I've wondered why there wasn't IRR posts on...

First 2 Last

Share
Profile

Follow
Hfox1

110 Posts.

42

10/11/17

10:09

Post #: 28673166
Share

Great post Toro,
I've wondered why there wasn't IRR posts on here. Great news around the Ghana Lithium today and new additional areas targeted. IronRidge is certainly compelling with the 43 assets. Chad Gold and Lithium in the 11 licences with huge acreage is very exciting.

Originally posted by RubioToro ↑

Not really kept up on here because it's mostly SOLG (for obvious reasons) so apologies if I cover any old ground.

I do see the SOLG story as a blueprint for other DGR companies (as NM stated recently) but there's one major difference with the funding scenarios between SOLG and IronRidge - multiple resources - IronRidge has 43 licences overall and is currently developing a few in parallel. This will give them opportunity to sell some to pay for development of others, a kind of self-sustaining business.

Initially, IRR need cash from the backers to get into a JORC / PEA / PFS position but once they have a few of these in place, the investment doors are open.

Today's lithium announcement from IronRidge is not just confined to the one licence (although on first reading, that's what the take-away is). Two significant new / highlighted pieces of information:
1. There are multiple targets in each licence. So 11 lithium licences but ~30+ targets. Each target could unveil a decent sized pegmatite.
2. The radiometrics survey was shown over the Ghana licence areas. Within the Ewoyaa target area, a tiny red dot can be seen which is actually a 1.5km long lithium pegmatite. However, the radiometrics for the more Eastern licences show much more intense colouration, possibly indicating much larger pegmatites. Time will tell.

On top of this, I have already measured over 4.5km of mapped lithium pegmatites around the Egyasimanku Hill area. 4.5km is significant.

All this leads me to believe that, within the Ghanaian licences, IronRidge have discovered one of the World's largest hard rock lithium basins. It will take some drilling to see what's under the surface but initial sampling is very exciting.

Expand

DGR Price at posting: 9.9¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

There are more pages in this discussion • 95 more messages in this thread...

First 2 Last

Add DGR (ASX) to my watchlist

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $14.61M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$1.588K	158.8K

Buyers (Bids)

No.	Vol.	Price($)
2	185236	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1983333	3

View Market Depth

No.	Vol.	Price($)
1	28219	0.130
3	250000	0.125
3	1020491	0.120
1	500000	0.115
3	99220	0.105

Price($)	Vol.	No.
0.135	65000	1
0.140	393111	1
0.145	295471	3
0.150	95000	2
0.160	47375	3

Last trade - 14.51pm 29/11/2024 (20 minute delay)

DGR (ASX) Chart

Great post Toro, I've wondered why there wasn't IRR posts on...

Top Stories

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Buyers (Bids)

Sellers (Offers)