Ram Resources Limited (RMR) | Price = 0.6c | Speculative Buy | RMR to drill late June. First campaign=3B targets delineat by 24hgold

RMR � Exploring Fraser Range

Further High Potential Targets

RMR has many other prospects

RMR appears cheap, offering high leverage to drill success

Beer & Co conclusions

Keywords : Australia | Market | Nickel | Report |

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Over the last 12 months, RMR has :

Undertaken extensive soils sampling;
Executed 5,500 line-km of aero-mag (VTEM) survey, which identified 45 mafic - ultra-mafic intrusives, 6 of which are coincident with high nickel in soil anomalies;
Executed ground EM surveys over the identified targets, to delineate 2 high priority drill targets; and
Obtained clearances to drill the delineated targets.

RMR now is fully permitted to drill 2 high priority targets, delineated by soil geo-chemistry, VTEW survey and ground EM.

Drilling is expected to start later in June.

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RMR has undertaken precursor geological work to identify 3 co-incident nickel in soils and magnetic anomalies near to the 2 targets it intends to drill.

All of these are near Sirius Resources' Crux prospect in the southern end of the Fraser Range Complex.

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The prospects that RMR has delineated are in its Fraser Range South project area.

RMR has further prospects at :

Fraser Range Central, within about 20km of SIR's Nova-Bollinger development;
Fraser range North, where earlier soils sampling showed elevated nickel; and
Sheoak, further to the south, which has reported elevated nickel in soils and is along strike from Mt Ridley Mines' Target 19 and 20, which have reported nickel sulphides from drilling.

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RMR has a market cap, making it about the cheapest of all the Fraser range explorers.

RMR first acquired its interests less than 2 years ago, in 2013, and this will be its first exploration drill campaign.

The low market cap offers significant leverage to any success.

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Beer&Co.
ACN 158 837 186
Authorised representative Melbourne Venture Securities Pty Ltd
www.beerandco.com.au

Author:
Pieter Bruinstroop
pbruinstroop@beerandco.com.au

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Beer & Co rates RMR a Speculative BUY.

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