Ann: Independent Review Confirms Phosphate Potential at Frewena, page-18

Happy new year everyone... let's hope it's a better one than last.

A lot of commentary and concern which, given the cone of silence of new management, is fair enough... Are we focusing on a side show, losing our way? where's the IOCG data, update, plan? transparency and clear communication? leadership changes?... again!

The resolve and resilience of many here is being tested in the new year... enter the Winston quotes.

For me Lock summed it up...
"We are an exploration company exploring for valuables in the earths crust. If you were walking down the street and saw a Fifty laying on the path would you step over it because you really were hoping for a Hundred?"

While we have the IOCG-Sedex focus which is 'already impressive'...

"Sediment phosphate deposits at Inca’s Frewena Frontier Project, has added a new phosphate-focussed dimension within Inca’s already impressive Frewena IOCG-SEDEX exploration portfolio. The new Frewena phosphate exploration direction will become an integral part of Inca’s 2023 exploration season in parallel to its ongoing IOCG-SEDEX exploration activities"

Sure, phosphate is still a sideshow BUT this independent report now makes it a damn big sideshow AND certainly the potential cash needed to help fund our IOCG future (RIP OAs).

"Importantly, and critical in the assessment of probability and validity of a complaint Exploration Target, the phosphate
mineralised that defines the Wonarah Main Deposit is remarkably laterally persistent. It is therefore with a high level of
probability that the phosphate mineralisation that occurs at Wonarah is laterally present within Inca’s ground based on
historical drilling results"

But wait it's more than the explorers $50 right? Umm, yeah.

We surround Wonarah and this is the biggest phosphate deposit in Oz with a cool 1/2 billion tonnes worth. So it makes you think how big our's might be...





Oh, and they're developing the deposit that we surround next door with over $1 billion...



So what did AEV (similar price to us) do when they announced their Wonarah news to market? It took off but corrected...


Interestingly, in line with the fertilizer price (as posted on their forum)...



But many people forget (aren't aware) that EV battery's are 50% phosphate and AEV are manufacturing the cathode material in NT, this is a big deal...




I repeat, we surround the biggest phosphate deposit in Oz... surely this is great news!

Poet

#Nearology

PS I don't own AEV but I own a lot of ICG!