WA1 - WA1 Resources

[houtman]

Great work houtman. When did you first buy it?

June last year, a long way off the lows.
It went nowhere for the 1st few months, dropped about 20% at one stage.

1 less explorer/developer held, I’m slowly becoming gentrified, may even be in the TLS thread by COB.

 

[Dona Ferentes]

good follow-up

WEST ARUNTA PROJECT
INITIAL METALLURGICAL TESTWORK RESULTS

Highlights
▪ Excellent flotation results demonstrate a high-grade niobium concentrate with low impurities and industry comparable recovery rates can be produced from Luni oxide mineralisation using a conventional two stage flotation regime
▪ Initial flotation testwork was completed on sample material from a drillhole located in the northeast of Luni
▪ Open cycle float tests achieved a high-grade concentrate with excellent recovery:
Open cycle concentrate (2nd cleaner) 51% Nb2O5at 62% recovery
Open cycle concentrate (4th cleaner) 61% Nb2O5 at 52% recovery
▪ Subsequent locked cycle testing confirmed the flotation regime performance:
Locked cycle concentrate (5th cleaner) 58% Nb2O5 at 53% recovery
▪ Ongoing testwork is aiming to optimise the beneficiation stage including testing other process steps used at existing niobium operations, before moving to variability testing across Luni

 

[houtman]

good follow-up

WEST ARUNTA PROJECT
INITIAL METALLURGICAL TESTWORK RESULTS

Highlights
▪ Excellent flotation results demonstrate a high-grade niobium concentrate with low impurities and industry comparable recovery rates can be produced from Luni oxide mineralisation using a conventional two stage flotation regime
▪ Initial flotation testwork was completed on sample material from a drillhole located in the northeast of Luni
▪ Open cycle float tests achieved a high-grade concentrate with excellent recovery:
Open cycle concentrate (2nd cleaner) 51% Nb2O5at 62% recovery
Open cycle concentrate (4th cleaner) 61% Nb2O5 at 52% recovery
▪ Subsequent locked cycle testing confirmed the flotation regime performance:
Locked cycle concentrate (5th cleaner) 58% Nb2O5 at 53% recovery
▪ Ongoing testwork is aiming to optimise the beneficiation stage including testing other process steps used at existing niobium operations, before moving to variability testing across Luni

View attachment 178991

Yes, solid results.
1st time I've been disappointed with how WA1 have presented.
Comparing their beneficiation results with other producer intermediate steps seems timid.

They do say
combined recovery for the intermediate and conversion steps is typically in excess of 95% of the
concentrate
so if true no reason for them not to put all % recoveries of all steps of the other producers in the table.

 

[Dona Ferentes]

TH CR

$50M at $17 a share, or a 9.8 per cent discount

 

[houtman]

@debtfree

WA1 looks to have entered the orphan period.

MRE and first round of met testing results released.

It may be a quiet few months ahead.

 

[houtman]

@debtfree

WA1 up slightly for the month.

They only have 2 rigs operating atm while they advance met testing.

It's a great deposit, a shallow blanket, but it has a long road ahead.

 

[houtman]

@debtfree

WA1 was added to ASX300 index which probably explains yesterday's volume.

They also entered negotiations with the locals regarding access, the announcement is positive and indicates it will be in good faith.

Orphan period continues.

 

[houtman]

also, rain event may slow on site progress.

 

[houtman]

@debtfree
WA1 released a solid drill results announcement today but hardly a blip in the share price, the orphan period continues.

Up to 3% TREO's also.

Resource drilling, Enviro studies, Metallurgy and other studies continie.

Updated MRE due 1st 1/2 2025,

 

[houtman]

@debtfree

Nothing of consequence this month, just a continuation of drilling for the MRE update due 1st 1/2 2025.

Best part of the announcement was -

“These latest assay results from the north-east zone of the deposit further demonstrate the significance of one of the key high-grade areas at Luni. This zone is currently planned to support our early development ambitions....."

 

[rcw1]

Good morning
Chart update:

Not holding
Kind regards
rcw1

 

[Dona Ferentes]

Tali Resources Pty Ltd has undertaken a corporate restructuring, separating its West Arunta mineral exploration licences and its shareholding in WA1 Resources Ltd (ASX: WA1) into two separate companies:
o Niobium Holdings Pty Ltd holds the WA1 Resources Ltd shares
o Tali Resources Ltd holds the West Arunta exploration licences and mineral rights
o Agrimin (AMN) retains a 40% interest in both entities
• Tali Resources Ltd has advised Agrimin that it will seek to be listed on the ASX in mid-2025 via an Initial Public Offering

 

[Dona Ferentes]

A$100 MILLION PLACEMENT TO ADVANCE THE LUNI NIOBIUM PROJECT​

Highlights
▪ Firm commitments received for a Placement to raise gross proceeds of A$100 million at an issue price of A$17 per New Share
▪ Strong support from new and existing institutional investors across The Americas and Australia
▪ Funds raised to be applied toward pre-development and permitting activities for the Luni Niobium Project, as well as planned capital expenditure relating to supporting infrastructure

 

[TimeISmoney]

Picked for monthly comp.

Insider buy up, and heavy activity with volume and price line rising in the last few days.

Adriatic Metals PLC has announced a change in the director’s interest, specifically for Ms. Laura Tyler. The change involves the acquisition of 448,231 performance rights, which were issued following shareholder approval at the 2025 AGM. This adjustment reflects a strategic move in the company’s governance, potentially impacting its operational dynamics and signaling confidence in the company’s future prospects.