Ulanzi bigger than thought?
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
Black Rock Mining (ASX:BKT) thinks Ulanzi could return more graphite than previously modeled after its widest drill intercept to date at the prospect.
It told its shareholders yesterday that one of four diamond holes drilled as part of an infill program hit 123m of graphitic zone, with BKT confirming the possibility that Ulanzi could be bigger than previously thought on the back of the drill result.
“These encouraging results indicate that Ulanzi central has potential to deliver more tonnes than previously modeled,” it said.
As things stand, the project has a conceptual exploration target of between 41 million and 52 million tonnes at grades ranging at 9.36% to 10.42% total graphitic carbon.
The current infill program is being conducted to come up with a maiden JORC resource for the prospect, and while drilling is continuing the wide drill intercept is a good sign.
It says Ulanzi is a consistent graphite lode usually measuring more than 70m in true thickness, with zones of more than 100m thickness. Its previous exploration target took 70m thickness as the base case.
Along with the 123m intercept, one of the holes also hit a 105m interval, strengthening its thesis that mineralisation at Ulanzi may be thicker than previously estimated.
In other BKT news, a lab in Perth has received a 500kg bulk sample from Ulanzi North with an average feed grade of 29% total graphitic content.
The aim of the lab work will be to make a concentrate ready for analysis and marketing, and the first batch tests have reportedly indictaed relatively high purity from a simple flow sheet.
It also confirmed a drilling place at Bagamoyo will take place in December after it secured a rig for infill drilling.
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.
