re: new gorilla stock/going up
Here a couple of annoucnement in chronological order starting with the latest Domum.
Sydney - Monday - April 3: (RWE Aust Business News) - Matrix Metals Ltd (ASX:MRX) has new tenement applications approved for areas that it considers are highly prospective for copper, gold and uranium from the Queensland Department of Natural Resources and Mines. The areas are about 10 kilometres south east of its Kirdala copper resource in the White Range project. The new exploration permits are Mt Tracy and Top Bore, bringing Matrix's total tenements in the Mt Isa region to almost 6,000 square kilometres.
Sydney - Thursday - March 30: (RWE Australian Business News) - Matrix Metals Ltd (ASX code: MRX) today announced exploration work completed in recent months at the company's large tenement block area to the south of Cloncurry had been successful in identifying a host of new uranium anomalies. The anomalies are widespread across a very large area and, in regard to future exploration success, complement the extensive occurrences of uranium mineralisation and anomalism previously announced by Matrix. As reported on February 20, Matrix has formed a joint venture with Deep Yellow Ltd (ASX code: DYL) whereby Deep Yellow has the right to earn a majority equity position in the uranium rights on Matrix tenement holding. Deep Yellow has advised Matrix that field work programs on Matrix's tenements are scheduled to commence in April.
Sydney - Tuesday - March 28: (RWE Aust Business News) - Westpac Banking Corp (ASX:WBC) will fund a facility for the development of Matrix Metals Ltd's (ASX:MRX) White Range project, Queensland. Subject to due diligence Westpac will provide a facility in the order of $40 million. In addition, Matrix is also in receipt of indicative offers of funding of approximately $15m to $25m related to providing off-take rights to a third party yet to be selected.
Sydney - Monday - February 20: (RWE Australian Business News) - Deep Yellow Ltd (DYL) and Matrix Metals Ltd (MRX) have agreed a Uranium Joint Venture whereby Deep Yellow will be granted access to explore for uranium on Matrix's 5,000 sq km of tenement holdings in the uranium-rich Mt Isa-Cloncurry region. The UJV will be formally known as the NW Uranium Joint Venture. On 11 August Matrix announced that an evaluation of past uranium exploration work and uranium mining that had been carried out in the region, had identified 15 occurrences of uranium mineralisation or anomalism. Many of the occurrences in the Ewen EPMA14916 are geologically similar to the Skal and high-grade Valhalla deposits, owned by Summit Resources. Anomalies hosted in the Corella Formation in the White Range area suggest similarities to the Mary Kathleen uranium mine.
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held