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DLI - Delta Lithium

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System

System

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TNT Mines is focused on the exploration and evaluation of its tin and tungsten projects located in Tasmania. The Company has two projects, the Aberfoyle Project and the Great Pyramid Project, in Northern Tasmania that cover a total area of 101 km².

The Company is currently 72.10% owned by Niuminco Group Limited (NIU).

It is anticipated that TIN will list on the ASX during September 2017.

http://www.tntmines.com.au
 
System said:
TNT Mines is focused on the exploration and evaluation of its tin and tungsten projects located in Tasmania. The Company has two projects, the Aberfoyle Project and the Great Pyramid Project, in Northern Tasmania that cover a total area of 101 km².

The Company is currently 72.10% owned by Niuminco Group Limited (NIU).

It is anticipated that TIN will list on the ASX during September 2017.

http://www.tntmines.com.au
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Thanks, Joe. I was about to start a new thread and you already did it.
ASF members - I was holding a small parcel of this company. Do not know how could I get this in first place. Must be some name change and etc.
Anyway, a letter has been received by post from the company with an intention to issue an IPO and asking present shareholders to invest so as to list on ASX.
I have no clue what the company is doing now. With so many IPOs have gone south, what is your view on this type of pre-issue investment? Normally such offers come to Soph Investors but this company is targeting all of its current shareholders.
By the way, Mr Brett Mitchell already in the board of two companies SAS and MCX and they are traded as .195 and .046. So how could one expect that miracles will happen with TNT?
http://www.asx.com.au/asx/markets/priceLookup.do?by=asxCodes&asxCodes=sas mxc
Any heads up will be appreciated.
 
On September 21st, 2021, TNT Mines Limited (TIN) changed its name and ASX code to Red Dirt Metals Limited (RDT).
 
System said:
On September 21st, 2021, TNT Mines Limited (TIN) changed its name and ASX code to Red Dirt Metals Limited (RDT).
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Thanks Joe.
TNT surfaced in 2017 and now RDT . Hopefully in 2024 we will get PXT another company dealing with Palladium :)
 
Red Dirt Metals is pleased to announce that it has successfully completed legal, financial and technical due diligence on Mt Ida Gold Pty Ltd and the Mt Ida Gold Project, in respect of the acquisition of 100% of the issued capital in Mt Ida Gold Pty Ltd, a wholly owned subsidiary of Ora Banda Mining Ltd (ASX: OBM).

As set out in the previous ASX announcement on 07 September 2021, Mt Ida Gold Pty Ltd is the holding company of the Mt Ida Gold Project, which comprises 19 tenements in the historical Mt Ida gold mining district, which is located approximately 100km north-west of Menzies in the WA goldfields.
 
Just mention the word and wonders occur to the shareprice .... Up 100% to 63c after coming out of the Trading Halt.

Mt Ida – A New Lithium Province
• Multiple high-grade Lithium results from historic drilling and surface rock chips within the Mt Ida Project area
• Thick drill hole intercepts and rock chips with high-grade lithium assays identified over 5km strike extent on the western limb of the Copperfield Granite.

Lithium Review on Mt Ida Dataset

Whilst undertaking the technical due diligence of the Mt Ida Project, the Red Dirt technical team noted that multiple high-grade lithium intervals had been intersected within pegmatite bodies on the western contact of the main Mt Ida granite intrusive, known as the Copperfield Granite.

The Company has identified to date 44 drill holes, from a total of 4,295 within the Mt Ida dataset, that have either been logged with pegmatite occurrences or have been assayed incidentally for Lithium as part of a multi-element analysis. Of this subset of historical drill holes, 15 holes contain assays for Lithium and Tantalum
 
Potential confirmed today of that magical element that will save our doomed planet.
A large RC drill program to follow to map a prospective corridor. I like the fact that they are looking for copper/gold potential as well.
Smart money moved in shortly after the name change from TNT metals namely, Anthony Barton, a West Australian whale.
LRT had a position before the name change.
 
Worth keeping an eye on RDT as it learns more about it's Mt Ida lithium proj.
RDT has picked up another Li pegmatite site at Yinnetharra. Early indications are that the pegmatites are much larger than at Mt Ida.

RDT is considering a DSO approach as buyers are desperate for lithium in any form. CXO recently secured a price of US$951/t for a shipment of 1.4% Li2O spodumene, less than a quarter of the benchmark 6% concentrate grade. (Stockhead article)

Into my watchlist.
 
 
Good results today from their Yonetharra prospect, but short term it is all about getting DSO out of Mt Ida.
Ida already has a mining license in place, and may have gold credits when producing.

It’s well worth watching one of their presentations on the tube, they are pushing hard for early production.

Recently raised $50m
 
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On May 1st, 2023, Red Dirt Metals Limited (RDT) changed its name and ASX code to Delta Lithium Limited (DLI).
 
Name change, and a bit of gossip that some of the mid tier players (MIN, Rinehart) want to get in.

Market cap now $200 million
Screenshot_20230507-130713_CommSec.jpg


"Delta is one of the few ASX-listed juniors with a JORC-compliant resource under its belt at its Mt Ida lithium project, about 100km northwest of Menzies.

"At 12.7Mt grading 1.2% lithium, it is bigger than Essential’s 11.2Mt grading 1.16% lithium at Pioneer Dome, 130km south of Kalgoorlie.

"Delta has the bigger market cap of the two, mainly because Mt Ida is more advanced, and because Delta also owns the exciting but early stage Yinnetharra pegmatite field inland from Carnarvon.

"As mentioned by Garimpeiro on 11 Feb, the company is one of the last “independent’’ smaller lithium players left with a real project on its hand, and an exciting exploration project to boot.

"Given the activity amongst the lithium majors to secure future additional supply sources as pointed out earlier, Delta could sit back and wait for offers of takeovers/strategic alliances and so on.

"But under .. executive chairman David Flanagan, the plan is force a re-rating of the stock by getting Mt Ida into production by the end of the year, as well as confirming the upside potential of Yinnetharra.

“We will start out with a relatively small operation with a hired mining fleet and crushing plant. We will be taking the top ore body off to produce a direct shipping ore product (1-1.2% lithium) as a precursor to building a concentrate plant (6% lithium),’’ Flanagan told Garimpeiro in February.

Delta raised $55m recently.

stockhead.com.au

Barry FitzGerald: The lithium junior catching some billionaire eyes right now - Stockhead

Word is that Chris Ellison’s Mineral Resources (ASX:MIN) and Gina Rinehart’s Hancock Prospecting have been snapping up Delta shares recently.
stockhead.com.au stockhead.com.au
 
Dona Ferentes said:
Name change, and a bit of gossip that some of the mid tier players (MIN, Rinehart) want to get in. Mt Ida lithium project, about 100km northwest of Menzies.
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Interesting that my "mates" at Beacon Minerals (BCN for some shameless cross promotion, lol:smug:), are in the process of acquiring the Lady Ida tenements next door, to help increase their potential Gold development.

Mineral rich area it seems! :cool:
 
some numbers in today's Ann. on one of their prospects:

Further shallow thick high-grade Lithium from Yinnetharra

Highlights:
• The Yinnetharra Lithium Project covers a very large area of 575km2 within the Gascoyne region of WA
• The Malinda Prospect located within the Yinnetharra Lithium Project is the current focus of exploration activities and hosts >50 mapped pegmatites, some of which have been drilled and thus far demonstrate:
o- Multiple thick lithium mineralised intercepts
o - lithium mineralisation from surface and to a depth of 350m below surface
o - significant strike with M1 greater than 950 metres of mineralisation
o - consistent and predictable lithium mineralisation
 
Just watching the price action this morning.
That's a solid rejection around the 50 cent level on very heavy volume.
That level is important in my opinion, being the last Capital Raise at the beginning of the year.
 

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from a conference this week
“I’ve never seen this before, so lithium companies you get a call — we’ve had a few calls from these big boys. And they say ‘Hi, can we have a meeting?’ And then you go ‘Yeah OK, we’ll meet with you’,” Delta’s Flanagan said.

“And then they say ‘Now, can we come into your data room?'”

“‘No, you can’t.’ But clearly, there’s a habit where a number of companies out there host some of these majors to site visits, they give them access to their data room, just to see what happens.

“But hello, why give that away for free? If they want to participate in your business, they have literally gotta stump up, go and buy some shares, buy a chunk of the company or come to us with a deal that shareholders would absolutely love.

“So that’s how I kind of answer the question and that hasn’t gone much further than that.”
 
Rabbithop said:
There could be a potential lithium price rise in June regardless of report Lithium price down. DHI is situated in the rich Pilbara lithium mining regions with well known mining companies neighbours.
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What's going to cause the price rise in June?
There are a whole bunch of other companies in the Pilbara too
 
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