WA1 - WA1 Resources

[Dona Ferentes]

Listed today ... holding on above the 20c issue price; now 26c

Three leading Exploration Locations​

We operate within Western Australia, a premier mining jurisdiction, with a strategic focus on metals essential for a sustainable low-carbon future.

WA1 has three exploration projects, each having the ability to deliver a meaningful discovery through the use of systematic and disciplined exploration.

West Arunta Projects​

Tier 1 IOCG Prospects with Drill-Ready Targets

Madura Projects​

Large Greenfield Geophysical Anomalies Demanding Further Work

Hidden Valley​

Significant Untested Anomalies Along-Strike from IGO

Listing date	8 February 2022 12:00PM AEDT ##
Company contact details	http://www.wa1.com.au/ Ph: (08) 6478 7866
Principal Activities	Mining exploration
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	WA1
Capital to be Raised	$6,000,000
Expected offer close date	17 December 2021
Underwriter	Not underwritten. Euroz Hartleys Limited (Lead Manager).

 

[greggles]

Exciting rare earths find at the West Arunta Project announced today by WA1. Nice thick intersection and a really good result for the first hole drilled.

Looks like they've just intersected the top part of a mineralised zone. Further drilling to deeper areas should flesh out what they have here.

 

[Swervin Mervin]

Exciting rare earths find at the West Arunta Project announced today by WA1. Nice thick intersection and a really good result for the first hole drilled.

View attachment 148479

Looks like they've just intersected the top part of a mineralised zone. Further drilling to deeper areas should flesh out what they have here.

View attachment 148480

Bought in at 70c today ?

 

[Dona Ferentes]

another sleeper. One hour change over the last few days. (missed it <boring, boring, boring, trading halt, whooshka>)

 

[Swervin Mervin]

Bought in at 70c today ?

Can’t believe it hasn’t retraced yet as my buy is usually the top. Now 94c

 

[Swervin Mervin]

Can’t believe it hasn’t retraced yet as my buy is usually the top. Now 94c

lol now $2

 

[Dona Ferentes]

So far, still going !! Ten bagger in a week (for someone) Now in a Trading Halt till Thursday.

 

[Swervin Mervin]

Damn another day to wait

 

[greggles]

Watching this one go to the moon. Why do I always miss out on the ten baggers? Congratulation to those holding from sub 20c!

 

[Dona Ferentes]

Damn another day to wait

so far only a Please Explain reply

The Company considers the following factors could potentially explain the recent trading in its securities.

(a) There has been substantial recent media coverage of the Company’s mineralised carbonatite system discovery that may explain recent trading in the Company’s shares.
(b) On 18 August 2022, WA1 announced completion of drilling at its West Arunta Project, including preliminary geological and visual observations from the drilling program.
(c) On 26 October 2022, WA1 announced the discovery of a mineralised carbonatite system, the first of its kind in the West Arunta region, in the first P2 target drillhole (PARC003) completed by WA1 as part of its recent drilling campaign.
(d) As flagged in the 26 October 2022 announcement, the Company is now assaying all single-metre splits for the entire length of the PARC003 discovery hole (including the top 74m of the hole). Following enquiries with ALS Laboratories Perth, the Company anticipates that it is likely to receive the single-metre assay results with regard to PARC003 in mid to late November 2022.
(e) The Company has stringent confidentiality protocols in place with ALS Laboratories, its external consultants and internally, including using a secure server with limited access, to ensure all data, including assay results remain confidential.

(f) Additional specific information as requested separately by ASX:
...... (1) As announced to ASX on 26 October 2022, the Company is awaiting assay results from ALS Laboratories for the remaining 6 holes. Preliminary, partial and incomplete composite assay results from limited intervals have been received from 2 of 3 holes at the P1 target (PARC002 and PARC004) and 2 of 3 holes at the Luni target (LURC002 and LURC003). Following enquiries with ALS Laboratories Perth, assays for these drill holes are currently expected to be received mid to late next week. Analysis at ALS Laboratories is ongoing with regard to all holes and also includes re-assaying of certain intervals within the preliminary and incomplete intervals as noted above. Following the receipt of assays further analysis may be required utilising varying assay methodologies (e.g. overlimit analysis, if required, via lithium borate fusion ME-MS85 and MEXRF30). It is intended assay results will be released to the market once they have been received from ALS Laboratories and have undergone comprehensive review and QA/QC by the Company to ensure confidence in the quality and accuracy of the data.
....... (2) Petrographic analysis is being undertaken in relation to all 7 drill holes. A draft report by the Company’s external consultant contains preliminary and incomplete petrographic observations and is currently undergoing internal review, with unresolved queries present that require further engagement with the consultant and receipt of assay geochemical results before any determinations can be made.

 

[Swervin Mervin]

so far only a Please Explain reply

The Company considers the following factors could potentially explain the recent trading in its securities.

(a) There has been substantial recent media coverage of the Company’s mineralised carbonatite system discovery that may explain recent trading in the Company’s shares.
(b) On 18 August 2022, WA1 announced completion of drilling at its West Arunta Project, including preliminary geological and visual observations from the drilling program.
(c) On 26 October 2022, WA1 announced the discovery of a mineralised carbonatite system, the first of its kind in the West Arunta region, in the first P2 target drillhole (PARC003) completed by WA1 as part of its recent drilling campaign.
(d) As flagged in the 26 October 2022 announcement, the Company is now assaying all single-metre splits for the entire length of the PARC003 discovery hole (including the top 74m of the hole). Following enquiries with ALS Laboratories Perth, the Company anticipates that it is likely to receive the single-metre assay results with regard to PARC003 in mid to late November 2022.
(e) The Company has stringent confidentiality protocols in place with ALS Laboratories, its external consultants and internally, including using a secure server with limited access, to ensure all data, including assay results remain confidential.

(f) Additional specific information as requested separately by ASX:
...... (1) As announced to ASX on 26 October 2022, the Company is awaiting assay results from ALS Laboratories for the remaining 6 holes. Preliminary, partial and incomplete composite assay results from limited intervals have been received from 2 of 3 holes at the P1 target (PARC002 and PARC004) and 2 of 3 holes at the Luni target (LURC002 and LURC003). Following enquiries with ALS Laboratories Perth, assays for these drill holes are currently expected to be received mid to late next week. Analysis at ALS Laboratories is ongoing with regard to all holes and also includes re-assaying of certain intervals within the preliminary and incomplete intervals as noted above. Following the receipt of assays further analysis may be required utilising varying assay methodologies (e.g. overlimit analysis, if required, via lithium borate fusion ME-MS85 and MEXRF30). It is intended assay results will be released to the market once they have been received from ALS Laboratories and have undergone comprehensive review and QA/QC by the Company to ensure confidence in the quality and accuracy of the data.
....... (2) Petrographic analysis is being undertaken in relation to all 7 drill holes. A draft report by the Company’s external consultant contains preliminary and incomplete petrographic observations and is currently undergoing internal review, with unresolved queries present that require further engagement with the consultant and receipt of assay geochemical results before any determinations can be made.

Had every right to capitulate yesterday but fought back strongly with ultimately $2 being to tough to crack with traders exiting. According to the speedo there’s a bit happening next week. 83c to $1.76 this week. $1.76 to ?????? next week

 

[Swervin Mervin]

Sold out today and bought into KFM. I was worried about the assays

 

[Dona Ferentes]

WA1 looking to raise $7 million to $10 million via a single-tranche share placement. Its brokers were offering shares at $2.00 each, which was a 13 per cent premium to the last close.

Has been in Trading Halt, now suspension to raise the money..., Money for drilling and exploration at its West Arunta project, determination of drilling targets at Madura and Hidden Valley and for general working capital.

- First drilling of the Luni target has confirmed the discovery of a new Niobium REE mineralised carbonatite system
- Luni is located 30km from the P2 target and is the second significant discovery made in WA1’s maiden drill program in the West Arunta

 

[rcw1]

Good morning
Up 61.58% - gone to Pluto
Not holding.

Kind regards
rcw1

 

[peter2]

In a trading halt awaiting further exploration results.

 

[rcw1]

Good afternoon

Good morning
Up 61.58% - gone to Pluto
Not holding.

Kind regards
rcw1

$3.04 - 11.07% gain.
holding
rcw1

 

[Swervin Mervin]

Bought in yesterday at $3.50
See how many trading days it takes to get to $10
Not many I’m thinking

 

[rcw1]

Good evening
Nice gain again.

Not Holding

Kind regards
rcw1

 

[rcw1]

Bought in yesterday at $3.50
See how many trading days it takes to get to $10
Not many I’m thinking

Good afternoon @Swervin Mervin
Getting closer bloke ...

Jumped in boots an all and out today. Still trying to figure out the massive charge this morning.
Announcement attached.

Kind regards
rcw1

• Open$5.890
• High$6.700
• Low$5.740
• Previous Close$4.690
• Last Traded3:59:21 PM, 05 Jun 23

• 52 Week High$6.700

 

[rcw1]

Bought in yesterday at $3.50
See how many trading days it takes to get to $10
Not many I’m thinking

... what a stock!!!
@Swervin Mervin, it's getting up there ... another all-time best

Announcement yesterday (271023) WEST ARUNTA PROJECT HIGH-GRADE WESTERN EXTENSION AT LUNI Highlights ▪ Assay results indicate a significant extension of high-grade mineralisation across the western portion of Luni ...

See attached.

Kind regards
rcw1