RDM 2.94% 17.5¢ red metal limited

Ann: Sybella Drill Assays Confirm New REO Discovery, page-61

  1. 3,949 Posts.
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    Well the MEI cut off was 1000ppm and RDM hits are mostly 1700ppm + with one over 4000ppm by the look of it. Anyway mei is ionic clay and that original mre was based on only 10m deep drills holes I think (drilling deeper now) whilst RDM albeit in granite has 120m hits to end of hole from surface

    Link to an interview - deposit some type of hybrid between hard rock and clay so not sure what the economics are.

    Clay ionics I think can be ecominc as low as 500ppm for low grade, 1000ppm average grade and over 2000ppm for high grade. Hard rock usually over 1% or 10000ppm is decent or over 2% or 20000ppm for high grade.

    So where does rdm sit in terms of grades it needs being a hybrid?


    https://hotcopper.com.au/data/attachments/5536/5536402-c1bab2c2e6dc4cd8b8fc9c8645d2743c.jpg



    https://youtu.be/BEIl3WrIeVQ?si=umOiR1W0sVq99AwI


 
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