Ann: Yangibana Project NPV increases 84% to A$1Billion (post tax), page-52

Hi,

Announcement just out from FNT. Here are the highlights:

High-Grade Rare Earth Discoveries Confirmed

• Exceptional high-grade rare-earth results from rock chips across multiple
targets at the Gascoyne Rare Earths Project. Significant results include:

• 8.01% TREO (2.8% Nd2O3+Pr6O11) Lyon_11 (GPR012)
• 6.44% TREO (2.3% Nd2O3+Pr6O11) Lyon_11 (GPR019)
• 5.27% TREO (1.9% Nd2O3+Pr6O11) Lyon_11 (GPR020)
• 4.32% TREO (1.53% Nd2O3+Pr6O11) Lyon_11 (GPR013)
• 4.17% TREO (1.69% Nd2O3+Pr6O11) Lyon_11 (GPR013)
• 3.38% TREO (1.3% Nd2O3+Pr6O11) Lyon_11 (GPR035)
• 2.53% TREO (1.15% Nd2O3+Pr6O11) Lyon_13 (GPR082)
• 1.23% TREO (0.55% Nd2O3+Pr6O11) Lyon_12 (GPR069)
• 1.77% TREO (0.79% Nd2O3+Pr6O11) Lyon_27 (GPR108)

• Potential carbonatite association to be investigated relating to
mineralised phosphate and TREO. Significant results from newly
discovered southern extension of Lyon_13:

• 7.85% P2O5 and 1.36% TREO Lyon_13 (GPR077)
• 5.86% P2O5 and 1.14% TREO Lyon_13 (GPR078)

• Outstanding high-grade neodymium and praseodymium ratios of total
rare earth oxides (“TREO”) of up to 58.8%, with early metallurgical test
work commencing shortly to determine the amenability of the ironstones
to produce a commercially treatable monazite concentrate.

• Discoveries validate geological model of exploring the Gifford Creek
Carbonatite Complex, adjacent to the world class Hastings Yangibana
Project, with a multitude of targets to follow up.

• The new REE ironstones significantly increase the footprint of known REE
mineralisation to >2.5kms of strike length.


IMHO, these are very impressive results.

Your thoughts?