⛏ Nine Mile Hits 130m+

PLUS: Massive Lithium PEA

👷‍♀️ Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and play a soccer match. ⚽

📌 Commodity Prices

Source: Trading Economics, Numerco.

📝 Here are the highlights

😎 Nine Mile Hits 130m+

👏 Massive Lithium PEA

🐦 It’s Not Different This Time

😎 Nine Mile Hits 130m+

NINE MILE METALS LTD. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) announced it has drilled a mineralized zone at its initial Phase 1 drill program on its Wedge VMS Project in the Bathurst Mining Camp, New Brunswick, Canada.

Highlights:

  • 134m of mineralization, with pockets of high-grade Zinc (36.12% & 14.93%).

  • Copper values averaging 2.23%.

The company will continue to drill to the east in Target Area #1 to confirm a new extension of the Wedge Mine Ore Zone.

👏 Massive Lithium PEA

Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) announced today positive results from an independent Preliminary Economic Assessment for its Hombre Muerto North Lithium Project near Salta, Argentina. 

Highlights:

  • After tax NPV8 of US$934 million.

  • IRR of 31.6%.

  • Life of mine 25 years.

We know nobody cares about lithium right now, so maybe we should? The company is currently trading at less than C$40m. Peanuts if any of these numbers come to pass.

📰 In Other News

🐦 It’s Not Different This Time

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The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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