Jump to content

CR9 - CORELLA RESOURCES LTD


nipper
 Share

Recommended Posts

Corella Resources Ltd (CR9) is a Kaolin and Silica exploration company based in WA. The company has only been in operation for a few months, backing onto a failed entity Sinetech Limited (STC) in April 2021.

 

As announced on 11 February 2021, the Company has entered an acquisition agreement, pursuant to which the Company will acquire 100% of the issued capital in HPAA Pty. Ltd.

HPAA is legal owner of four granted tenements and one tenement application, which together comprise four exploration projects prospective for high grade kaolin and silica, described generally and located as follows:

(a) the Tampu Kaolin Project, which is located in the shire of Beacon, 265km north east of Perth;

(b) the Wiltshire Kaolin Project, which is located 370km north of Perth and 90km east of Geraldton;

.c) the Kalannie Kaolin Project, which is located 210km north east of Perth and 65km west of Tampu; and

(d) the Bonnie Rock Silica Project, which is located 250km east north east of Perth and 70km south of Tampu.

In April 2021, some 200,000,000 Shares were issued at an issue price of $0.02 per Share to raise a minimum of $4,000,000, with oversubscriptions... to a further $1,000,000 (Public Offer). The Offers took place on a post consolidation basis, following a twenty (20) to one (1) consolidation of Sintech issued share capital.

...-.-.----.-..-..-.--.-.-----....-.-.--.-

and as of 28 July: ........ Corella has however recently completed a drill program at its 100% owned Tampa Kaolin Project. Samples have been submitted to the laboratory for analysis. The Tampu drill campaign intercepted broad intercepts of bright white kaolin at shallow depths which will be verified by laboratory testing. Initial assay results from the campaign are expected in this quarter which will be used to develop its maiden JORC Inferred Resource estimate.

 

Corella Resources Managing Director, Tony Cormack, commented The Corella team have moved fast to advance through the drilling phase at Tampu and we will keep up the pace by advancing exploration at our other exciting kaolin and hard rock silica projects. We have a team just back from out bush this week focussed on designing programs for the Wiltshire and Kalannie Kaolin Projects along with the Bonnie Rock Silica Project. Results of the field assessment and details of the Corella exploration strategy for 2021 are expected to be reported in the coming weeks. It is a great time to be a Corella Resources shareholder as we systematically work through development stages at Tampu, whilst unlocking the potential of our impressive portfolio of exploration assets and importantly we have the right team in place to deliver on these projects.
Link to comment
Share on other sites

CR9 is hanging in on the 4c to 5c range.

I have got a watchlist of Kaolin / HPA hopefuls. It is quite long. They are all in WA. (and I would suspect in the mid West, drill a hole and you would find the stuff to varying degrees of purity and accessibility)

 

Link to comment
Share on other sites

  • 5 months later...
On 7/29/2021 at 4:09 PM, nipper said:

CR9 is hanging on in the 4c to 5c range.

refreshStill between 4.0c to 4.7c

November news did not move the dial too much

  •  Maiden Inferred Mineral Resource Estimate of 24.7Mt completed at 100% owned Tampu Kaolin Project by independent consultancy CSA Global  
  • Total Inferred Mineral Resource of 24.7Mt with an average yield of 53% for 13.1Mt @ 36.5% Al2O3 of <45µm very high quality bright white kaolin with low impurities
  • The high purity specification of the Tampu deposit highlights the potential of the resource to qualify as feedstock for the target HPA market
  • Tampu has the potential to become one of the highest quality undeveloped kaolin deposits globally and is or first kaolin deposit defined at the Project
  • Tampu mineralisation open in all directions, an average depth of 4m and a footprint covering less than 0.15% of the total Tampu landholding with substantial potential for future growth

 

Next Steps:

  •  Scoping Study at Tampu Q1 CY22
  • Extensional / Infill Drilling at Tampu Q1 CY22
  • HPA test work results Q1 CY22
  • Offtake negotiations for Tampu H1 CY22
  • Advanced exploration programs at Wiltshire, Kalannie and Bonnie Rock Projects H1 CY22
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...