LNR - Lanthanein Resources

[Sean K]

Frontier Resources on the hunt for Rare Earth Elements in the Murray Basin.

158 million shares to be issued at 1.3c to fund the acquisition and working capital.

The FNT share price is holding up OK this morning, up 12.5% to 1.8c. The market clearly thinks there is potential here, but it's early days at the moment. REE is a hot sector, but invoking nearology isn't enough to pump up the share share too far.

They're still picking up rocks in PNG too aren't they?

Not too sure about this REE thing. Inferred 725ppm TREO in % terms is 0.0725% I think. Is that good for TREO?

 

[greggles]

They're still picking up rocks in PNG too aren't they?

Yeah.

Not too sure about this REE thing. Inferred 725ppm TREO in % terms is 0.0725% I think. Is that good for TREO?

No idea. FNT appears to be a company that likes to get its fingers into a number of pies in the hope that at least one of them turns out. Chasing hot metals or sectors is great when you get it right, but there is no magic formula and things can go very wrong.

I wish FNT holders luck, but the approach from management seems to be too scattershot for me to take a real interest, other than to watch with interest from the sidelines.

 

[finicky]

They haven't done anything for shareholders yet over the many years except dilute. I see the McNeils departed in 2018 but I would give it a wide berth anyway, they produced companies like Crazy Clark stores and all of them did nothing in the end to my knowledge.

 

[Sean K]

Yeah.



No idea. FNT appears to be a company that likes to get its fingers into a number of pies in the hope that at least one of them turns out. Chasing hot metals or sectors is great when you get it right, but there is no magic formula and things can go very wrong.

I wish FNT holders luck, but the approach from management seems to be too scattershot for me to take a real interest, other than to watch with interest from the sidelines.

Yes, I've enjoyed watching this. Mostly based on an old colleague of mine who ramped the hell out of this when they had some sort of geo tech outerspacial anomaly thingy in PNG that was going to be the next Lihir. He claimed to have bought a crap load of it and kept on buying as it went down, and down, and down. I think he lost his house. Ref my posts here from about 10 years ago. I'm sure there's a hydrogen project they'll buy into next.

 

[Dona Ferentes]

Frontier Resources on the hunt for Rare Earth Elements in the Murray Basin.

The FNT share price is holding up OK this morning, up 12.5% to 1.8c. The market clearly thinks there is potential here, but it's early days at the moment. REE is a hot sector, but invoking nearology isn't enough to pump up the share share too far.

the Performance shares aren't exactly Olympian in the hurdle.

And a third ionic clay RE player (possibly). Also on ASX are IXR and AR3

 

[The Triangle]

Whenever stockswami is tweeting on a company I find it best to stay far far away. Lots of FNT tweets this week...

 

[Sean K]

Whenever stockswami is tweeting on a company I find it best to stay far far away. Lots of FNT tweets this week...

Is this a tweeter? I better follow him to set up some shorts. Tks.

 

[frugal.rock]

Is this a tweeter? I better follow him to set up some shorts. Tks.

Recent rare earths project acquisition has pushed the price up. Recent gap up on low volume has me expecting it will fill the gap once the (fairly thin) excitement wears off.
Interesting to see comments above in relation to the chart.

 

[Dona Ferentes]

I must say that Frontier are good advocates:

The new FNT tenements are in the Murray Basin, on the SA/ Vic border; looking at the map on p3 of the 03 Aug Ann, these FNT leases are on the periphery, NE and SW of the AR3 ground. Clearly, Frontier is attracted to the region, as it writes in its Presentation:

REE mineralisation in the Murray Basin at Australian Rare Earths (ASX:AR3) Koppamurra Project is hosted by clay material interpreted to have been deposited onto a limestone base (Gambier Limestone) and accumulated in an interdunal, lagoonal or estuarine environment. The mineralogy of the clay is indicative of formation under mildly alkaline conditions in a marine or coastal environment from fine grained sediments either river transported or windblown thereby supporting this interpretation.

Mineralogical test work conducted on a clay sample from the Koppamurra Project area established that the dominant clay minerals are smectite and kaolin, and the few REE rich minerals detected during the SEM investigation are not considered inconsistent with the suggestion that a significant proportion of REE are distributed in the sample as adsorbed elements on clay and iron oxide surfaces.

Work to date suggests that the source of the REE at Koppamurra is most likely basalt associated alkali volcanics of the Newer Volcanics Province in south eastern Australia, with the wider Koppamurra project area being considered prospective for rare earth mineralisation. However, whilst Koppamurra clays display ionic character, and the deposit shares a number of similarities with both ion adsorption clay deposits and volcanic ash fall placer deposits, there are also a number of differences, with further work required before a genetic model for REE mineralisation at Koppamurra and the broader Murray Basin can be conclusively defined. In addition, further work is required to better define metallurgical recoveries, process flow sheets, effective mining methods, and project economics.

 

[Miner]

This thread was pretty dry since August.
So trying to watershed by putting a tips as well. My goal is to be top from bottom this time.
Actually FNT is just south trend and hopefully by 31 Dec, it will reach lowest point to recover and make me a winner (my lotto dream)

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02455242-6A1063991?access_token=83ff96335c2d45a094df02a206a39ff4

The scope of airborne survey is pretty wide and no surprise is expected to lift the price up.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02452011-6A1062686?access_token=83ff96335c2d45a094df02a206a39ff4

Will buy some more to fetch a very low price on the day ASF starts the competition thread.

 

[Miner]

FNT has given me the long-cherished opportunity to be the topper again but from bottom-up

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02460614-6A1066306?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Dona Ferentes]

Frontier has completed the acquisition of Dalkeith Capital Pty Ltd which holds two exploration licences in the Gascoyne Region of Western Australia that are considered to be prospective for REE’s, two exploration licences prospective for bright white kaolin and High Purity Alumina (HPA) located 460km east of Perth and one exploration licence application prospective for gold 50km east of Kalgoorlie.

Chairman Alec Pismiris commented “Completion of the acquisition of Dalkeith complements the recent acquisition of the Murraydium REE Project and allows the Company to progress with planned exploration for critical metals .”

Following settlement of the acquisition of Dalkeith, the Company has issued the shareholders of Dalkeith 75,000,000 ordinary shares and 37,500,000 Performance Shares.

 

[bk1]

Massive volume day ending with a query from ASX.
The two recently acquired Dalkeith exploration licences are either end of HAS, Yangibana high grade, high value REE deposit.
The area is historically under explored and geologically under shallow cover. FNT have a large land holding in the eastern Gascoyne province.
Taking a position in rare earths explorers...

 

[frugal.rock]

I like a the chart...

 

[Sean K]

I like a the chart...

View attachment 137163

Interesting flag appearing, but lots of selling at the tops.

I haven't been following this at all as I wasted a lot of time and energy on them back in 2010 ish when they were hunting a mythical blob in the middle of PNG and came up with dirt.

Seems to have changed focus but if it's the same management, I'm not trusting any fundamentals.

Chart wise, it's tradable, of course.

 

[Dona Ferentes]

FNT has signed an agreement with PNG based Lole Mining Limited for the sale of its wholly owned subsidiary Frontier Copper PNG Ltd, the holder of the Tolukuma Exploration Licence E2531 which surrounds the Tolukuma gold mine.

In addition Frontier Copper (PNG) Ltd is also the applicant for an Exploration Licence ELA2529 which covers the old Sinivit Gold Mine at Gazelle on the island of New Britain.

.... can't quite exit from PNG, it seems. And in WA:

The two recently acquired Dalkeith exploration licences are either end of HAS, Yangibana high grade, high value REE deposit. The area is historically under explored and geologically under shallow cover. FNT have a large land holding in the eastern Gascoyne province.

03 March : Field Sampling at Gascoyne REE Project Discovers Further Outcropping Ironstones
Mr Brian Thomas, Non Executive Director commented

“The discovery of additional ironstones at the Company’s Gascoyne rare earth project is an exciting development. These ironstones have never been sampled for rare earths and are identical to the ironstones that host the major rare earth mine at Hastings, less than 3km away. The close proximity to Yangibana, combined with the recent successes of our neighbouring tenement holder Dreadnought Resources (ASX : DRE) discovering high grade ironstones and REE bearing carbonatites, highlights the fertile nature of the area. This validates the Company’s conviction to be an early mover in the region to explore for rare earths. We are eagerly awaiting the assay results and planning the first drill program for Q2 this year to test these new discoveries.”

 

[greggles]

REE Discoveries Confirmed for FNT. Looks good.

 

[brerwallabi]

Pretty sure I got an email from someone recommending this can’t recall who now and looks like I deleted.
Nice jump up today bought 20000 today it looks like it’s moving gradually up.
It won’t break the bank if it falls back.

 

[finicky]

Yeah, so shares quoted are up 25x in 8 years since 2013 and being acquainted with FNT for 2 decades when it was under the stewardship of the McNeils, I am certain a share consolidation happened before 2013. Go for it and end up with a tiny fraction of your equity per share left after holding for years.
Not Held

 

[brerwallabi]

Yeah, so shares quoted are up 25x in 8 years since 2013 and being acquainted with FNT for 2 decades when it was under the stewardship of the McNeils, I am certain a share consolidation happened before 2013. Go for it and end up with a tiny fraction of your equity per share left after holding for years.
Not Held

Don’t think I will be holding for years, I have no idea how much cash, debt, mine life or total resources they have, the buy is purely on the chart