Nothing wrong with the possible grades here compared to other similar plays.
High-grade rare-earth element (REE) project secured under option•
Extremely high-grade clay total rare earth oxide (TREO) drill sample of 46,716 ppm(4.67%) TREO from 12m in hole 22-018 including: 11,503 ppm (1.15%) La2O3 10,918 ppm (1.09%) Y2O3 2,682 ppm (0.27%) Pr2O3 9,320 ppm (0.93%) Nd6O11 1,561 ppm (0.16%) Dy2O3
• High proportion of HREO (heavy rare earth oxides) – 37%•
LREO (light rare earth oxides) represent 63%
• Nd6O11 + Pr2O3 accounts for 26% (12,002 ppm or 1.2%) of TREO•
No systematic sampling or analysis for the full suite of REE has been undertaken onthe project, only three samples tested to date
• Significant gravity anomaly (2.8km x 2.2km) identified from regional gravity dataseteast of high-grade TREO clay sample•
Five additional exploration licence applications have been lodged bringing the projectarea to over 1,300km2•
Programme of Works (PoW) submitted and approved for additional drilling and landaccess agreement reached with the key landowner, allowing additional exploration tobe undertaken early in the new year.
All IMO
M24 Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
