Rupice is a 12 million tonne deposit grading 149 grams per tonne silver, 4.1% zinc, 2.6% lead, 0.5% copper, and 1.4gpt gold that is set to yield first ore in the next quarter or two.
Sala is 9.7Mt at 47.3gpt silver, 3.2% zinc and 0.5% lead.
Adriatic is capitalised at about A$900 million.
Alicanto’s capitalisation this week is $21 million.
Speaking at the RIU Explorers Conference, former investment banker Sennitt intimated Alicanto could enjoy a major market re-rate if it has exploration success targeting the high grade silver zones historically delivered by Sala.
Sala reportedly produced 200 million ounces of silver over previous centuries at an average grade of 1244gpt silver.
Sennitt also described Sweden as a “pragmatic” mining country and one that, like the rest of the Western world, is increasingly focused on ensuring some self-sufficiency in a fracturing geopolitical environment.
Investor-wise, Sennitt noted Alicanto’s association with the Steve Parsons, Ray Shorrocks, Michael Naylor et al coterie.
Alicanto had cash of $2.8 million at the end of December, indicating a fund raising will be close at hand.
