Lithium - which stock?, page-16

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Butterfingers

865 Posts.

07/04/16

08:33

Post #: 17441689
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Originally posted by CJTJ ↑

Hey Butterfingers
Noticed you discussing NMT, have a look at this re MXR relating to RMS. The following link is the RMS Annual Report of 2006 which was mentioned in MXR ann. 29Feb16

http://www.rameliusresources.com.au...nual_report_agm_notice_and_proxy_-_part_1.pdf

page 22 of 30, some points of interest......

The Spargoville Lithium Project lies on the northern part of the Southern Yilgarn Tantalum-Tin-Lithium Province, in the vicinity of two major Lithium Projects, Mt Marion (Neometals), and Lepiodolite Hill (Lithium Australia)

The Lefroy prospect was first investigated by Ramelius Resources (ASX:RMS) in 2006. Multi element assays from this auger program returned approximately 100 times background results for Tantalum and Niobium, along with elevated Lithium values. pg 22

A further 313 auger holes were completed by RMS to follow up these early encouraging results. In addition, outcropping pegmatites were recorded. (Refer to RMS- 2006 Annual Report).

From that report dated 23Oct06....
MXR has identified further areas of pegmatites on its tenements that Geological Survey of WA geologists mapped and considersimilar to those hosting the Mt Marion Lithium project. These pegmatites have yet to be tested with further exploration, including drilling for Lithium.

Please dyor and good luck.

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Thanks for that, just looking into it now. Just the sort of investment I like, good potential for huge growth if things pan out.
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Lithium - which stock?, page-16

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