24% higher grades than lyc or aru

Going off the basket price slide from the ARU presentation, I have compared the recent PEK drill results to the ARU grades (who in turn compare to LYC).

I have selected hole NAC81 as it is the 4th highest grade hole from the 8 holes, and seems to be fairly typical of the grades seen. Remember that these are 2m splits, so grades may actually be a little higher on a 1m spilt when waste is minimised.

When comparing grades (and basket price), the PEK grades come to an average of 24% higher for the bulk (90%) of the $ value of the ARU basket. ARU's basket is a little higher than LYCs.

I have worked on the slides attached, and given the ARU resource is 2.8% and grades are shown as % of the total resource. Market in blue are the bulk of the basket value.

Given that ND2O5 is a higher ratio of the ore, weighted, the PEK basket price is probably more like 20% higher (not 24%). Either way, it shows how good the grades are. I have not included the Non rare earth elements (that all the companies have - including PEK).