More details released today on a timeline of work programs but generally low cash burn. Mapping, rock chip and geochemical studies are generally low cost, lack aggression and vigour and pretty disheartening. Diamond drilling at Narraburra the only major item and mining studies will kick off slowly. Interesting to note GRL mention drill ready targets at Lewis Ponds and seem to be lacking interest in the Turrawonga porphyry which is astounding. In the early days GRL peppered that area with soils, rocks and other activities so would have to assume a change of focus at CHE. Cash preservation high on the agenda now and discovery aggression on life support. Can you really see any improvement in the SP under this strategy? They have enough ore at Narraburra if a project is feasible but there will be some anticipation with phase 2 met testing. Will we need to heat the stuff for extraction and is there a resistive phase that can be concentrated?
Ann: Phase 2 Metallurgical Testing Underway Narraburra Rare Earth, page-8
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