Metals Australia intersects graphite in all 17 holes
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Metals Australia Ltd (ASX:MLS) has had further success with the drill bit during its maiden diamond drilling program at the Lac Rainy Graphite Project in Quebec, Canada.
Diamond drilling at the Lac Rainy project has continued to intersect multiple wide graphite flakes mineralised rock intervals.
Metals Australia has successfully completed a total of seventeen drill holes to date, with the company intersecting graphite in every drill hole.
The final three additional drill holes which have been completed recently have been focused on the Western Carheil Graphite Zone, along strike to the north-west of the high-grade Lac Carheil prospect.
Open along strike and at depth
To date, the drilling has tested a total of 1.0 kilometres of strike at Lac Rainy, with graphite being intersected in each hole, demonstrating the continuity of the mineralisation both along strike and at depth for over 1.0km along strike.
Each of the final three holes drilled have ended in mineralisation, suggesting a continuation of the graphite flakes mineralisation at depth.
Importantly, the drilling at Lac Rainy has continued to demonstrate that the graphite mineralisation has extended over a considerable strike length, and with graphite mineralisation open at depth, the resource potential at Lac Rainy is significant, with considerable upside still to be realised from follow-up exploration work.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.