BOA followers might have missed the following media release from Galileo Mining yesterday:
MEDIA RELEASE: 23RD JULY 2018
MINE LEASE APPLICATION SUBMITTED BY CREASY GROUP
COMPANY AT THE FRASER RANGE
Highlights
Publicly available information on the Department of Mines, Industry Regulation and Safety
(DMIRS) website shows that Mine Lease Application M28/395 was submitted on the 20th July
2018
The application company is Great Southern Nickel Pty Ltd, a Creasy Group entity, with the
application covering part of the Fraser Range exploration tenement E28/2065
Their MD commented “To be at a stage where a Mining Lease Application can be submitted under the Western Australian Mining Act implies that economic mineralisation has been reported”. From the images below it appears that the new area could be approx. 35 Kms North-East from Nova and importantly, it is on trend from Nova and the trend goes directly through Boadicea’s Symonds Hill lease.
Today’s quarterly report suggests that BOA still has a number of targets to explore in the Northern section of their lease.
View attachment 1208996
The above news must surely add value to the mineral leases held by BOA in the Fraser Range. Independence recently spent more than $40M to acquire mineral leases from Windward Resources and Mr Creasy.
With a market cap of just over $5M, Boadicea’s share price is now looking very cheap.
