LNR - Lanthanein Resources

[brerwallabi]

Still holding a small parcel of FNT.
Bar Charts indicate a 100% buy, a nice geeen doji appeared at the close Thursday although trading was light.
Hope it’s a reversal after a bit of a decline the past couple of weeks.
These couple of weeks have seen it trade between a high of 4.5cents and a low of 3.4cents with the open and close Thursday at 3.6cents.
I like the higher highs from August last year.

 

[System]

On May 24th, 2022, Frontier Resources Limited (FNR) changed its name and ASX code to Lanthanein Resources Ltd (LNR).

 

[Dona Ferentes]

Lanthanein Resources (LNR) is focused on Rare Earth Elements and battery metals, directly in line with global push for carbon neutrality driven by renewable energy (particularly wind turbine) installations and Electric Vehicle adoption driving global demand for the combination of rare earths.

Following the recent acquisitions of Southern Rare Earths Pty Ltd and Dalkeith Capital Pty Ltd, Lanthanein has secured 100% interest in the Murraydium, Gascoyne, Koolya and Kalgoorlie projects which are all located in Australia. Lanthanein also owns 100% of the Tolukuma project in PNG.

 

[brerwallabi]

Told myself if this falls to 2.4cents I would be out but I am not.
I have no idea what the name change means hopefully it’s something positive for the company.
It won’t even be a significant tax loss so might as well see where it goes.

 

[brerwallabi]

Today was such a dreary dismal day and I was quite bored so I bought so more FNT or whatever it’s called these days.
It must be German for landmine and getting ready to explode.
No it dropped to $0.016

 

[brerwallabi]

LNR have a credit raising at 1.4cents, raised about $1.75mil, went into trading halt Monday morning did I bitch about it yes.
Today it’s up about 23% and trading at 2.1cents unbelievable, I might get back to break even.
However will hold till they finish drilling and announce assay results before I reevaluate.

 

[brerwallabi]

It seems the nearness to already recognised projects is driving the share price increase after LNR released a presentation yesterday.
Or is it just a pump and dump? I hope not as my thoughts were after looking at this previously it could one hell of a project.

 

[brerwallabi]

After the credit raising of $1.75mil a bit more will pop into the till for LNR (formerly FNT).

Lanthanein Resources Limited (Lanthanein or the Company) refers to the agreement signed with PNG based Lole Mining Limited (Lole Mining) for the sale of its wholly owned subsidiary Frontier Copper PNG Ltd, the holder of the Tolukuma Exploration Licence EL2531 which surrounds the Tolukuma gold mine, announced on 18 March 2022 (Binding Term Sheet).
The Company notes the announcement by ASX-listed Tempest Minerals Ltd (ASX:TEM) (Tempest) of 5 August 2022 of its agreement to acquire Lole Mining and the Tolukuma Mine in a transformative deal (Acquisition). A copy of the Acquisition announcement can be found here.
Whilst the Acquisition remains subject to the satisfaction of certain conditions, including Tempest shareholder approval and completion of a capital raising, the Directors are buoyed by this progress.
Pursuant to the Binding Term Sheet Lole Mining has agreed to pay Lanthanein consideration of $2 million comprising $500,000 cash and a further $1.5 million in either cash or shares at the election of Lole Mining (Initial Consideration) by no later than 28 September 2022. Further consideration of $1 million is payable to the Company if, within 5 years of payment of the Initial Consideration an aggregate minimum of 500,000oz of gold of not less than JORC (2012) indicated category of resource is identified on the Tolukuma tenements.

 

[brerwallabi]

This must be off everyone’s radar here, chart looks good.
It looks like challenging previous highs.
Gone from 1.4 cents to 4 cents in a few weeks.
Now have a third parcel of LNR.
What seems to be driving it is the tenements they hold are very close to two already substantial finds of rare earths.
The drill hasn’t broken ground yet however there seems a lot of confidence that when drilling and assays completed that finally FNT I mean LNR will have a substantial project

 

[brerwallabi]

LNR borders on two significant rare earth finds belonging to HAS and DRE, these two companies have seen their share prices rise substantially over the past several weeks, in, fact DRE has doubled.
LNR are almost sitting bang smack in the middle (almost sang those words) of those finds.
The geology of the LNR tenements is similar, drilling will break the ground soon, assay results will be what makes this company although a long way off. The feeling is they will also be significant with the share price breaking 5 cents today on a down market day from a July low of 1.4cents.
I know a lot of people who got burnt under FNT however I think this is a very different story.

 

[brerwallabi]

Maiden drilling program completed, visual results positive.
Assay results approximately three weeks away
Just have a feeling results will jolt the share price which has fallen over 50% of the recent highs.

 

[brerwallabi]

Hopefully some assay results before Xmas from the completed REE’s maiden drill program.
Significant results were obtained from rock chip samples.
LNR is literally just down road from Hasting Resources, it’s Lyons project according to director Peter Swiridiuk contains the same mineralogy and metallurgical characteristics in its ironstones identical to Hastings.
LNR was also granted $200k from the WA government which is encouraging to drill an additional two holes down to a depth of 200 metres.
Will stick with this in the December tipping comp if assay results do come before Xmas and are positive I will be expecting a pronounced move upwards hopefully if the market reacts

 

[Miner]

Hopefully some assay results before Xmas from the completed REE’s maiden drill program.
Significant results were obtained from rock chip samples.
LNR is literally just down road from Hasting Resources, it’s Lyons project according to director Peter Swiridiuk contains the same mineralogy and metallurgical characteristics in its ironstones identical to Hastings.
LNR was also granted $200k from the WA government which is encouraging to drill an additional two holes down to a depth of 200 metres.
Will stick with this in the December tipping comp if assay results do come before Xmas and are positive I will be expecting a pronounced move upwards hopefully if the market reacts

@brerwallabi - I have noticed you have been a regular contributor on FNT/LNR and thought to ping you. What do you see with this one after a hype and going south as it should be or otherwise ??
There has been a lot of ramping on some of the brokers reports however.

 

[brerwallabi]

@brerwallabi - I have noticed you have been a regular contributor on FNT/LNR and thought to ping you. What do you see with this one after a hype and going south as it should be or otherwise ??
There has been a lot of ramping on some of the brokers reports however.

View attachment 150455

Wow, totally amazed by that comment “exceeded expectations”, it’s a maiden drilling program with some evidence of REE’s. I blame NI and others for building this up with so much hype and daytraders jumping in and pushing the price up prematurely.
I think there is possibly a lot of disappointment here as new holders were expecting LNR to deliver a significant mineralised zone immediately. There are a lot of further holes to be drilled and at depth too.
They are definitely onto something, it looks like a continuation of the Hastings discovery.
Some fickle daytraders and short term traders have obviously bailed hence the drop in the price.
The year is almost over and I would be surprised if there is further news this year.
Indicators show the market sentiment currently and are useful trading tools and what you have published indicate a red light to a purchase.
I continue to hold and will wait till further drilling is completed and comprehensive assay results are released.

 

[brerwallabi]

Seeing we have had only partial assay results, the remaining holes that were drilled awaiting assay results may well push the price back up.
It’s touch and go if those results come through this month, my hope is they will further confirm mineralisation with results that really do exceed expectations. If not I can see myself taking last place in the January tipping comp.

 

[Dona Ferentes]

Back trading .... And, surprise, it's back down, to the 1.9c level, with commitments from sophisticated investors to raise $2,520,000 (before costs) via a placement of 140 million shares at an issue price of $0.018 per share .

Mr Brian Thomas, Lanthanein Technical Director commented;

“Our Lyons rare earths elements project in the Gascoyne delivered exciting results from the last drilling programme and with the addition of further ironstone and quartz outcrop targets that may host additional REE mineralisation generated by satellite spectral imagery, we look forward to further highlighting the prospectivity of the Gifford Creek Carbonatite Complex with this next round of drilling.

" We are also now finalising the community relations consultations at the Murraydium ionic clay hosted REE exploration project and have planned the initial reconnaissance roadside drilling programme to commence in Q1.”

 

[brerwallabi]

I thought I posted something but it seems to have disappeared, too much wine I suppose.
Only sophisticated investors, I guess they will make some money on the next news.

 

[brerwallabi]

Bailed our a long while ago.
Now issuing half a billion shares at 0.003 which was a 50% discount to the price before the trading halt.
A big pump going on today was up to 0.013, 116% increase.
Now entering a farm in agreement earning up to 70% of a project a short walk away from the Earl Grey lithium mine.
Drilling approved for February/March.
This time they might be on to something.

 

[brerwallabi]

Lanthanein enters into Farm-in
Agreement in relation to Lithium Project
West of Earl Grey Mine
• Lanthanein has entered into farm-in agreement to earn up to 70% of the Lady
Grey Lithium-Tantalum Project, ~365km east of Perth
• Highly prospective LCT pegmatite project 400m west of Earl Grey Lithium
Mine
• Experienced Board in lithium exploration including Brian Thomas, current
Chairman of Azure Minerals (ASX: AZS), developer of the Andover Lithium
Project
• Granted tenure across approximately 77km² with ~18km of strike in the
proven world class Forrestania Greenstone Belt host to Covalent Lithium’s
(SQM & Wesfarmers) Earl Grey Mine, 189Mt @1.53% Li2O¹
• Next steps: The Company plans to undertake project-wide evaluation of
lithium hosting pegmatite potential with a drilling program planned for February/March 2024

 

[Dona Ferentes]

up on the farm-in

.
Earl Grey pegmatite sill is exposed only in the south-western corner of the Earl Grey deposit. The sill dips gently northward, sub-horizontally under the historic Earl Grey gold mine
- Covalent Lithium’s pegmatite is thickest against the western fault, thinning to stringer mineralisation along the eastern side of the deposit, indicating that the direction of injected pegmatite intrusion is most likely west to east
- Interpretation and planning underway to target zones of potential pegmatite accumulation and associated lithium mineralisation

Current priorities
- Drilling early 2024 (February - March)
- POW approved for 193 Aircore and 50 RC drillholes
- Heritage Approvals for expanded drill programs
- Extensive soil geochem program across other targets
- Strong newsflow through to late 2024