Penny Stocks

Within that interval were higher-grade zones, including 12 metres at 2.56% TREO from 5 metres and 2 metres at 3.53% from 25 metres. Magnet rare earth oxides, the neodymium, praseodymium, terbium and dysprosium that drive most of a rare earth project's value, made up …

The best result came from hole EDDT001, which returned 5.00 metres at 13.66% zinc from the collar, including 1.00 metre at 25.70%. Other intercepts include 4.00 metres at 6.01% zinc in EDDT006, 5.49 metres at 5.69% in the upper part of EDDT009 and 11.00 …

The northern results were the more encouraging. Drilling outlined consistent iron mineralisation over 1.8 kilometres of strike, often accompanied by variably enriched manganese over about one kilometre.

The project covers about 2,950 hectares across three tenements, of which the historical gold-cobalt mine occupies only about six hectares. To the company's knowledge, no drilling has ever been completed at Suri, so its subsurface potential is largely unknown.

The ten samples ranged from 0.12% to more than 1.26% WO3. Gold Mountain calculates an average of about 0.82%, but that is a minimum because the four over-limit results were capped at the detection limit for the calculation. Further assays are under way to …

Ocean Sciences will issue 63,636,364 shares at $0.011 each, raising $700,000 before costs. Each placement share carries one option exercisable at $0.03 and expiring three years from issue. The company plans to use the proceeds for seaweed operations in Indonesia, a new innovation centre, …

The company will issue 63,636,364 fully paid ordinary shares at an issue price of $0.011 each. Each placement share is paired with one attaching option, exercisable at $0.03 and expiring three years after the date of issue.