GREY:RNKLF - Post by User
Post by
pierregon Mar 31, 2019 8:15am
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Post# 29560176
RNX has an interest in palladium
RNX has an interest in palladiumPalladium price is currently $1364 USD per ounce and RNX has an interest in West Raglan from Orford Mining and one in Taipan prospect from Polar Bear (100%) https://www.westgold.com.au/wp-content/uploads/2018/08/Corporate-Update-Presentation-July-2018-Reduced-Size.pdf if the purchase agreement is fulfilled. They both have further exploration potential for palladium and nickel.
-From Q & A of the RNC Q4 2018 Results presentation Conference that I transcribed:
Mark Selby: «Today with both nickel the market is getting a lot more attention and with also palladium prices where they are, we think West Raglan is one of the most attractive high grade nickel and high grade palladium opportunities globally ».
West Raglan March 2nd 2016 drill results: https://ceo.ca/@newswire/true-north-nickel-discovers-new-high-grade-gold-mineralization-adjacent-to-west-raglan-project-at-qiqavik
RNXs holds a ~35% equity interest in Orford Mining Corporation (TSX-V: ORM)
-Taipan prospect on the Polar Bear peninsular of Lake Cowan
«Taipan prospect on the Polar Bear peninsular of Lake Cowan. That drillhole (SPBD0046) had an intersection from 104.4m of 4.1m @ 3.8%Ni, 2.45%Cu & 0.08%Co and 0.89g/tPt + 1.60g/tPd (incl from 106m of 2.15m @ 5.84%Ni, 3.73%Cu, 0.12%Co & 1.10g/tPt + 1.65g/tPd) […]
SPBD0046's Ni & Cu grades are clearly significantly higher than any of the comparisons, however, such orebody comparisons may have higher grade zones that have been diluted down to result in the overall reported resources, reserves and even intersections.
The SPBD0046 drillcore shown in Figure 1, in our / ERA opinion, resembles a bas/bas (basalt/basalt) contact immediately above and below the distinctive ~2.2m intersection, with the sulphides themselves remobilised as shown. It was commented that there are ultramafics above and below the ~30m core interval that we looked at (and some have been intersected in SPBD00047).
However, the Taipan intersection does not resemble any Kambalda / Widgiemooltha lava flow-types that we/ERA have seen before, so perhaps Taipan is a completely different type of Ni-Cu-PGE orebody
Consequently, it is going to be interesting to see how Taipan unfolds, especially the Pt and Pd (and possibly other 4EPGE) grades, together with the Cu percentages and Ni/Cu ratios.
Although it is at a very early stage, Australia may have its first viable PGE (actually Ni-Cu-PGE) orebody - and discovered by Sirius at Norseman - yet another discovery in a relatively well walked over area of Australia!»
https://eagleres.com.au/paydirt/item/aug-2014
Drill hole SPBD0047: https://www.georesources.net/index.php/global-news/sirius-resources-polar-bear-nickel-exploration-update