- Bulletin Resources (BNR) confirms its Mt Farmer tenement application surrounds Aldoro’s (ARN) Niobe rubidium project in Western Australia
- Fellow ASX-lister ADN recently defined an initial exploration target within its project, claiming its similar to the world’s largest rubidium deposit in China
- BNR confirmed its 59-square-kilometre tenement completely surrounds Aldoro’s two-square-kilometre holding which hosts Niobe
- While the company originally applied for the tenement for its gold and tantalum potential, it says its excited by the possibilities of advancing the area
- Shares have been trading 1.4 per cent higher at 7 cents at 4:10pm AEST
Bulletin Resources (BNR) has confirmed its Mt Farmer tenement application surrounds Aldoro’s (ARN) Niobe rubidium project in Western Australia.
On August 27, Aldoro announced it had defined an initial exploration target within its project with conceptual grades at the target ranging from 696 to 1457 parts per million rubidium oxide.
The company claims the project has similarities to the largest rubidium deposit in the world, the Tiantongshan deposit located in China.
Bulletin reportedly received enquiries from shareholders and interest parties regarding the projects’ proximity to its Mt Farmer project, and today confirmed it runs along strike potential from the Niobe project.
Specifically, BNR said its 59-square-kilometre tenement completely surrounds Aldoro’s two-square-kilometre area.
Bulletin’s tenement application is yet to be granted, with the company saying the application is progressing through the normal Department of Mines Industry Regulation and Safety’s tenement process.
The company said it originally applied for the tenement for its gold and tantalum potential and today stated it’s excited by the possibilities of advancing the area.
Shares were trading 1.4 per cent higher at 7 cents at 4:10pm AEST.