Ann: High Grade REE and Niobium Confirmed at Lyons, page-51

From Next Investors:

The hits are shallow (from as little as 6m below the surface) and perhaps more importantly - the results are very similar to what LNR’s neighbour (Hastings) has been returning in recent drilling.

After today's assays, LNR has put together an initial 1km of strike length of ‘economic [rare earths] mineralisation’, which remains open.
We think this means the results could be considered good enough to potentially be part of the ore used by adjacent and larger neighbours - which includes rare earths developer Hastings Technology Metals (capped at $480M) and advanced explorer, Dreadnought Resources (capped at $280M). So we think there’s value here already.

With a peak hit of 5m and separately, grades reaching as high as 1.67% TREO (with a good NdPr ratio of 55%), we’re largely content with today’s results.

Our Big Bet: “LNR discovers and proves a rare earths deposit significant enough to become an acquisition target for one of its bigger neighbours Dreadnought or Hastings - or LNR becomes part of a consolidation play for all three companies”