For thousands of other reports visit RSC's Mineral Intellingence Map
RNI NL
Summary
| Project: | Morcks Well | |
|---|---|---|
| Deposit: | Citra | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 4/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-4-2017: RNI NL announces an Exploration/Drilling Update report for its Citra deposit at the Morcks Well project. Reassay of historic core results incl. 80m @ 0.23% V2O5, 20.40% Fe2O3, 1.82% TiO2 from 4m. RNI NL (to be renamed Auris Minerals Limited) (A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Pugh (Internal) | |
| ABSTRACT: | RNI NL (to be renamed Auris Minerals Limited) (ASX:RNI) is pleased to announce that it has identified a potentially-significant vanadium-titanium-iron deposit within its Morcks Well Project area in the Bryah Basin, WA. As part of RNI’s technical review being conducted across its asset portfolio, historic RC samples from the Citra prospect (Figure 1) were re-assayed using a lithium, borate fusion with XRF finish. This work has shown the copper anomalism from the initial assay suite has a strong correlation with vanadium, titanium, iron, aluminium and silica (Appendix 2 – Table 1). RNI is in the process of conducting a comprehensive strategic review of its full tenement package to identify the best exploration targets and opportunities to leverage shareholder value. With a clear focus on coppergold discoveries within its strategic Bryah Basin landholding, RNI is now actively seeking expressions of interest to take the Citra vanadium-titanium-iron prospect to the next level. Executive Director, Debbie Fullarton said “This is a very pleasing development and one that has considerable potential to add value for RNI shareholders. Vanadium is a very exciting commodity in our rapidly technicallyadvancing world. Our focus will stay on the Wodger Prospect, where drilling is expected to commence later this month, so we will now actively seek out parties who are experts in this field and who can take Citra forward.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report