NOTE: Ravensthorpe is the home of GXY’s Mt Cattlin Lithium Project (In mature stage of production and resource extension) and FQM’s Ravensthorpe Nickel Project (comprises three separate deposits of low-grade nickel-in-laterite, 224.8m@0.56% Ni).

ASX penny stocks, NIS and MM8, took two old projects for new IPOs in 2021. MM8‘s gold project was purchased from SLR in 2016 for $5m, the resource hasn’t grown since then.  ASX penny stocks BNR acquired tenements adjacent to GXY’s Mt Cattlin project, but has been picking rock chips for two years, not sure how much patience Mr Market has on this lifestyle company. ASX penny stocks MEK has pegged a large portfolio of land parcel in the region for exploring REE.