Australian (ASX) Stock Market Forum

Reply to thread

Not a lot of interest in KWR but triangle on chart still shaping up nicely for a breakout if there is good news.

Interview on Small Caps out with the CEO saying he can't wait to see Lake Goongarrie diamond cores - they're at least a few weeks off though as DD doesn't start for 2 weeks, assuming no further delay. Aircore drilling is more than halfway through with all traverses seeking to extend the boundaries of the mineralised footprint which is open in all directions.


He spent quite some time on the nickel sulphide prospect on the east side of the lake. There have been two Ni deposits found by others along the 'Highway' ultramafic unit of which KWR holds 11 km within its tenements.

KWR has aero electromag maps to be guided by as it does initial aircore drilling which will follow on soon. Very nearby south of its tenements is the 'Saints' deposits which have an Au equivalent of 1/4 million ozs gold @ 8g/t (all nickel I should emphasise). 15km south is the concluded 'Scotia' NiS mine which produced 30 kt of Nickel.


[MEDIA=youtube]sD-4uovSj2c[/MEDIA]


Top