“We drilled some holes and intersected some nickel sulphide which is exactly what we were looking for. The next step is to do some very detailed analysis” he says.
Broome also explains the rationale behind the firm's three-pronged approach to adding new assets to the portfolio.
“We are fairly fortunate as a junior company that we already have a producing asset in the U.S that actually pays for our overheads" he says.
Broome adds: “So we are looking for bulk material opportunities, rare earths and metals with a five year indicated improvement in demand and price: nickel, tin & tungsten.”
Mining Exploration, Queensland Mining, queensland mineral exploration, mineral exploration, magnatite mining, magnatite mineral exploration, iron mining