Hot Nips (NIP)

[lewinsky]

Just take a look at NIP today!
They confirmed platinum deposits on the 27th September and vanadium last week.
Something is worth watching with this stock. Up 42 cents or 65.6% in a day!
A nice one to have climbed on this week,could be still more in this.
LEW

[lewinsky]

More details on NIP.

Definetly one to keep firmly on the radar screen


http://compareshares.com.au/show_news.php?id=430891

Ferret's stock to watch

26/10/2007 12:18pm Email to a friend Print article



Niplats Australia Ltd (ASX:NIP) has established a portfolio of 100 per cent-owned tenements covering about 473 square kilometres in the east Kimberley region of Western Australia.

Recent discovery of PGE+Au mineralisation in the tenement area has generated the opportunity for additional exploration.

Similar geological settings elsewhere in the world have yielded PGE mineralisation.

In addition to this PGE+Au opportunity, the tenement area has also shown to be prospective for a range of mineralisation including nickel-copper, vanadium, copper-gold associated with the existing fluorite mineralisation, copper-gold associated with quartz sulphide breccias and epithermal gold deposits.

The tenements contain a high-grade quality fluorite deposit with Indicated and Inferred Resources of 4.4Mt at 23.6pc CaF2.

The value of the tenements is underpinned by this previously identified fluorite deposit which may provide the opportunity for early cashflow via the production of an acid-grade concentrate, providing additional resources can be identified and marketing challenges overcome.

At the beginning of the week Niplats released assay results from RC drilling which confirmed the discovery of a vanadium mineralised zone in the Hart Dolerite iontrusion.

Highlights of the discovery include:

* Initial assays from RC drilling confirm the discovery of a vanadium (V2O5) mineralised zone in the Hart Dolerite intrusion;

* Mineralised zone is 3.5km long and up to 1.6km wide in an outcropping flat lying vanadiferous titanomagnetite bearing gabbro layer; and

* The assays report a maximum 52m interval of 0.29pc V2O5 containing a higher-grade layer at the base. These holes will now be assayed for PGE+Au potential.

In 2006, a two-hole reconnaissance RC drill program on the Hart Dolerite in the Speewah Dome discovered an anomalous zone of vanadium (V2O5) mineralisation hosted by a unit of vanadiferous titanomagnetite earing gabbro.

The 2007 RC drill program prioritised 13 vertical drill-holes (SRC151 to SRC159, SRC171 to SRC174) adjacent to and south of the 2006 discovery holes.

Vanadium assays have been received for the sampled intervals in eight holes and all intersected vanadium mineralisation.

SRC117 and SRC172 were not assayed for vandium as they twinned two holes drilled in 2006.

Two holes drilled into the footwall and were not assayed. Assays from SRC174 are pending.

The results from the eight holes are anomalous in vandium over a vertical down-hole interval of between 23 and 52 metres (at a 0.2pc V2O5 cut-off), the thinner intersections generally due to the mineralised unit outcropping and partly eroded.

The downhole intersections are interpreted to be almost equivalent to the true thickness of the mineralised layer due to a flat easterly dip of less than 5pc using a 0.2pc V2O5 cut-off, vanadium values range from 0.29pc to 0.35pc V2O5, with higher grades to 0.39pc V2O5 encountered in the basal layer.

The magnetite occurs in the gabbro layer in a disseminated form and varies in content from 15-25 per cent.

Davis tube recovery work and assaying on 2006 RC drill-chip samples showed the gabbro contained 15-20pc vanadiferous titanomagnetite averaging 2pc V2O5 (range 1.6-2.4pc). Further test work on the magnetite content using Davis tube work is planned.

PGE+Au mineralisation, reported to the ASX on September 26, is located at the top of the highest grade zone of the vanadiferous magnetite layer.

The mineralised gabbro layer targeted by the 13 holes covers an area of 3.5km by 1.6km, which is a small area of the total dome.

Geological logging and magnetic susceptibility readings on the RC drill-chips from the other drill holes completed elsewhere in the dome, in association with field mapping, shows that the magnetite gabbro outcrops and subcrops over a minimum area of approximately 25 km long (N-S) and 3 km wide (E-W) on the eastern side of the Speewah Dome, and also in the northwest part of the dome.

Further assay work is planned on the other 2007 drill-holes that targeted the vanadiferous titanomagnetite gabbro for vanadium and PGE+Au mineralisation.

Current vanadium projects in Western Australia include Windimurra, Barrambie and Balla Balla.

SHARE PRICE MOVEMENTS

*********************

Shares of Niplats Australia Ltd eased 3c to 53c. Rolling high for the year is 62c and low 19c. The company has 30.8 million shares on issue with a market cap of $16.3 million.

In September, the company released the following details:

* An amount of 10,360m of RC drilling in 79 holes was successfully completed targeting PGE+Au, Cu, vanadiferous titanomagnetite and fluorite mineralisation with assay results pending.

* Gabbro unit hosting vanadiferous titanomagnetite and targeted for PGE mineralisation is reported to be more extensive than initially modelled.

* Extensions to the mapped fluorite veins have been drilled.

Niplats has a 100 per cent interest in three granted mining leases (M80/267, M80/269 and M80/270) and two granted exploration licences (E80/2863 and E80/3657) covering 473 sq km located about 100 km southwest of Kununurra.

The tenements cover high-grade, fluorite veins where previous drilling has outlined an Indicated and Inferred Resource totalling 4.4Mt @ 23.6pc CaF2 (at a 10pc CaF2 cut-off grade).

The tenements are prospective for further occurrences of fluorite, iron oxide-copper-gold and cover a large mafic intrusion known as the Hart Dolerite which hosts a vanadiferous titanomagnetite-bearing gabbro.

Drilling of this unit in 2006 discovered an anomalous zone of gold and PGE mineralisation.

The focus of the 2007 field program has been designed to evaluate three different target types:

* The distribution and tenor of PGE+Au and vanadiferous titanomagnetite mineralisation in the prospective gabbro unit;

* Delineate additional fluorite veins; and

* Assess zones of iron-oxide alteration along some major structures which host carbonatites and fluorite mineralisation and are known to be anomalous in gold and copper.

BACKGROUND

**********

Niplats Australia Ltd listed on the Australian Stock Exchange on September 21.

Geologically, the company's tenements cover the Speewah Dome where Proterozoic-age Hart Dolerite intrudes older sediments of the Speewah and Kimberley Groups.

Structurally, the geology of the tenements is disrupted by fault and fault splays of the Greenvale Fault Zone which is a major crustal-scale feature that hosts both fluorite mineralisation and carbonatites in the Speewah area.

Recently the company completed a 10,360m drill program in 79 holes investigating the following:

* A zone of PGE+Au anomalism in a vanadiferous titanomagnetite-bearing gabbro unit of the Hart Dolerite;

* Extensions to a series of high-grade, fluorite veins where previous drilling has outlined an Indicated and Inferred Resource totalling 4.4Mt @ 23.6pc CaF2 (at a 10pc CaF2 cut-off grade); and

* Zones of iron oxide-alteration associated with copper-gold mineralisation along some major

[lewinsky]

NIP now nipped up to $1.20 after being sold off heavily after the trading halt.
They appear to have very good resources and more announcements coming up.
I appear to be talking to myself and the Bank Manager on this one.

[lewinsky]

On a day when red ink is flowing,NIP are now up to $1.35
Keep this on the radar screen,but do your own research.
LEW

[lewinsky]

Yawn,

Has anyone else decided to get NIPPED so to speak or am I talking to myself on this one.
Now up to $1.50.
It would be great to get someone with a bit of mining knowledge to give a few thoughts on this.

Cheers'
Lew

[Hoags]

Hi Lew,
I had added it to my watchlist and watched its great rise over the last week or so. I didn't have time or money to do it justice but well done to you I hope you have done well off it. Do you have a target? Keep the updates coming. You are not talking to yourself....

[lewinsky]

It has been a while since I started this thread and basically talked to myself.

However, NIP could be on the move again. The volume has picked up in September and so has the price.

Put this on your radar screens.

LEW

[Xerof]

bought these at 15.5 cents back in March, during the darkest hour.....

Price action is very supportive for a decent run

FA is also supportive, with Tony the Sage (CFE) about to have a controlling stake, subject to NIP shareholders voting the right way. Also, sounds like there's a bit of chatter coming out of the desert, probably to do with upcoming results

hold

[lewinsky]

Just been written up in Australian Small Cap Report so hence the boost today to 61cents. They have a substantial vanadium deposit.

Xerof must be a happy chappy right now :)

[SPARKY]

LEW
was CCU also mentioned in the aus small cap, it has also had a late surge.
cheers, sparky

[Xerof]

Yes, they both surged 15 minutes prior to the tip sheet being released to loyal fee paying subscribers.....;):p:D

One good reason I don't subscribe to tip sheets......

Apparently, it is said they will return 800% in 2 years......goodo, shall keep my NIP a bit longer

[brettdale]

Just been written up in Australian Small Cap Report so hence the boost today to 61cents. They have a substantial vanadium deposit.

Xerof must be a happy chappy right now :)

Yep got caught out on the late surge, bought in at 18 cents about five weeks ago, watch it dropped back to 16 cents yesterday, so decided to put a sell order in at 22 cents, when i checke dmy email that night, saw that it sold.

Price is now 24 cents, thinking of getting back in today.

[brettdale]

Yes, they both surged 15 minutes prior to the tip sheet being released to loyal fee paying subscribers.....;):p:D

One good reason I don't subscribe to tip sheets......

Apparently, it is said they will return 800% in 2 years......goodo, shall keep my NIP a bit longer

There was a huge fuss over hotcopper, the people who pay for this tip sheet must be fuming.

[mark100]

There was a huge fuss over hotcopper, the people who pay for this tip sheet must be fuming.

I subscribed to ASI around a month ago. For $89/yr I thought I'd see what all the fuss was about. On receiving the email at around 4.05pm I then discovered that the 2 'tips' had already run. Looks like some favourites get the tips before the ordinary subscribers. ASI makes a casino of the market. I'm already regretting spending $89, mainly because of the rubbish in the daily email but also because of the obvious lack of integrity.

[JMcDog]

Yes, unfortunately this has been indicated regarding previous recommendations too. There were similar complaints for their last recommendations (MEL and CTP).... and the
SP's seemed to "take off" in a similar manner just before the email(s) were released.

It would seem that they now have a subscriber base that is large enough to "move" their recommended stocks in this manner.... perhaps they have been caught out this time as it has become far too obvious.... whereas going back a few months the timing and SP movements were not quite as blatant/obvious.

In any event, I think they will have some explaining to do (like "we know nothing!") as there will be a significant number of formal complaints.

I'll hazard a bet that they are more careful prior to their NEXT recommendations.

Ridiculous given that they recently sent out an email whingeing about subscribers forwarding their recommendations to non-paying subscribers! VERY ORDINARY!!!

[JBmurc]

ANNOUNCEMENT 23 July 2010
RECENT COPPER/GOLD FIELDWORK 2010
NiPlats Australia Limited (“NiPlats” or “the Company”) (ASX: NIP) is pleased to report exceptional high
grade copper, gold and silver assays in surface samples from Speewah received since the previous update
to market on 2 July 2010. The results represent the best ever assay results found at the Speewah tenements
including:
• 16.5% Cu, 138 g/t at Eiffler Prospect (AE2010-12)
• 8.26% Cu, 4.28 g/t Au, 786 g/t Ag at Grey’s Vein Prospect (AE2010-15)
• 2.47% Cu, 1.24 g/t Au, 811 g/t Ag at Grey’s Vein Prospect (AE2010-18). This sample is also assaying
3.24% Pb.
Assay results received to date from the 3 surface rock samples are given in Table 1A and the location of the
high grade samples quoted above are shown on Figure 1.
A number of prioritised drill targets have now been identified which include the Eiffler and Grey’s Vein
prospects (Figure 1). Drilling which is expected to commence in 3rd quarter 2010.
Two more target areas have also been identified, at Todhunter and west of Grey’s Vein (black stars Figure
1). Assay results are pending.
COPPER/GOLD PROSPECTIVITY SNAPSHOT
NiPlats has generated an exciting list of high grade locations which are now be primary targets for drilling.
The samples reported above are included in the targets for follow up drilling.
Field relationships supported by observations in diamond core (“DC”) holes drilled in 2008 and 2009
suggest copper mineralisation is zoned around quartz±fluorite veins. Surface sampling (rock chips and
soils) completed to date suggests the higher grade copper mineralisation is located in discrete zones within
the major structural corridors (King, Central and Pentacost) and their splay faults (Figure 1).