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the current chart with my doodlings. POL surprises me with the price variations. The price may not get better to buy up to the placement, but then again strange stuff happens.






Edited by camaybay
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In the announcemnt of 10 April Mr. Lea said "A prefeasibility study on the YIOP is ongoing and is planned for completion by June 2008".


Hopefully we will see the result in the next day or so although it could be argued that it is nearly a month overdue.


I will happily stand in the corner if it has been released and I have missed it.


Regards to all,



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10 March 2009



Highly Encouraging Carina

Metallurgical Results


Yilgarn Iron Ore Project


ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ High lump recovery of up to 68%

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Excellent calcining potential to >65% Fe

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Physical and thermal properties typically better than

industry standard requirements

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The ore quality and properties of the Carina product are

comparable to other Australian iron ores making it readily




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Looking good, frankmal. Pity production is still 2 years away. Look how quickly AGO got up & running. Maybe if an offtake agreement were to surface things would happen sooner? Major shareholder Lion is, after all, a steelmaker. Pity they havent jumped in to secure Carina production for their steel mills........yet. The Chinese dont seem to have shown much interest in POL, maybe due to the relatively small tonnage proven today. If the Weelamurra (?) tenements were as advanced I'm sure they would be sniffing..........

Ah well, whats another couple of years?




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Silly me completely forgot another important reason for lack of interest by the Chinese or anyone else with regards to a takeover:

Any such move is effectively blocked by the large holdings of Lion and HRR combined.




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Polymetals Resources Ltd (POL) is an Australian mining and exploration company developing gold projects in Guinea, West Africa.


Polymetals Resources has recently acquired 100% interest in Golden Guinea Resources SARL which owns two exploration licences within the Siguiri Basin in Guinea, West Africa. The Siguiri Basin occupies the north eastern corner of Guinea and hosts several large active gold mining operations and is notable for its widespread gold anomalism. The Basin is broadly covered by exploration or exploitation tenure and there is little vacant land available for new exploration participants in the region. The region is considered prospective and relatively immature from an exploration perspective and produces over 500,000 oz of gold/year. The largest operation is the AngloGold Ashanti Siguiri Gold Mine, located 37km west of the Golden Guinea licences, which has now produced more than six (6) million ounces over its 20-year life.


The two Golden Guinea exploration Licences, known as Alahiné (64.21km2) and Mansala (48.23km2), host many historic and current small scale gold mining operations conducted by local individuals known as artisans.


Previous field activities at Alahiné comprised of two soil sampling programs and one reverse circulation drilling campaign. Initial whole of licence soil sampling at Mansala conducted by the Company achieved similar results to Golden Guinea's Alahiné work with significant gold anomalism defined.


Of the 3,758 soil samples analysed, numerous +40 parts per billion (ppb) gold anomalies were reported with a peak soil value of 93.98 grams per tonne being obtained from Mansala. Of note is that some 16% of the combined Alahine and Mansla Licence Areas (112.44 km2) returned anomalous soil values of +40 ppb gold.



Listing date ....28 June 2021 #

Company contact details .... https://www.polymetals.com/site/content/

Principal Activities... Minerals Exploration

Issue Price... $0.20

Issue Type... Ordinary Fully Paid Shares

Security code... POL

Capital to be Raised... $10,000,000


Expected offer close date.... 28 May 2021

Underwriter.... Not underwritten. Beer & Co Pty Ltd (Lead Manager)

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