Hi Marcus,
No time, so I'll be quick:
- cut-off for HAS's resource was also 0.2%
- latest DRE results should increase the overall resource grade (at least slightly) - but as the DRE MD says, TREO grade is useless and should be illegal to quote as most of the REEs are non-payable, and the only LREEs that matter are Nd&Pr (ie. NdPr:TREO), which DRE (and HAS) average at/more than double the world average
- check the below videos out (will take just over an hour to watch all but you'll know everything/most things about DRE after watching them), including the grades, NdPr:TREO ratio, recoveries, etc.,
- updated MRE is due next quarter
- DRE also have the Carbonatite discoveries, on top of the ironstones like HAS, and the carbonatites are the source for the DRE/HAS ironstones
Also, drilling starting next week on DRE's flagship Kimberley project (not the one where the Rare Earths are, or the recent Ni-Cu discovery), and why most on here bought in for (the Kimberley).
Cheers,
GB.
Something that was posted recently:
*****
Potentially some new holders from today from all that trading?
So, welcome to the Dreadnought - run by the hardest working team on the ASX, who have made quite a few discoveries already:
- today's high-tenor Ni-Cu discovery
- REE down the road from the Ni-Cu (eg. 36m @ 2.75% TREO (31% NdPr:TREO) from 3m)
- Cu-Au-Ag-Co at their Kimberley project (being drilled next) (16m @ 2.2% Cu, 6.6g/t Au, 38.7gt Ag, 0.4% Co, from 77m)
- and they're planning for more and more discoveries
Company's strategy is to make discoveries, drill them out/extract full value from them, then sell that deposit and return cash to shareholders, then do the same for their next discovery and then the next one (also open to spinning out a deposit/mine into a new company, or other options if they're more beneficial to shareholders than the first two) (Directors are the largest shareholders and have put in $5M+ of their own cash into buying DRE shares).
Most of us on here but have been here for a while, and will be here for a while longer.
Below is what you can expect in terms of newsflow over the next 4 weeks (and maybe some left-field news on top too).
By the time we get closer to the end of September, the October newsflow pipeline will fill up like the September one currently is, and so on.
View attachment 5587775Also, here a few of the latest video interviews/pressos to watch and see what DRE and the Team are all about:
17/08/23 - Mining.com.au - 3-minute interview post "Thick, High-Grade Rare Earths Continue at Yin" announcement:09/08/23 - Diggers & Dealers presso - 15-minute presentation:09/08/23 - Making Money Matter - 24-minute interview (mostly on DRE's flagship Kimberley project (Cu-Au-Ag-Co)):05/07/23 - Making Money Matter - 25-minute interview:
(20min delay)