The announcement this morning has provided some important take home messages;
1) ARV has been involved in developing the rare earths for the past 18 months with real definition of a deposit. Note these are not simply rock chip sampling as can be boted with other REE players out there trying to cash in on the hype rather than whats in the ground.
2) Auger drilling have produced high grades which compare favourably with the likes of navigator and arafura.
3) The strike is over 7km's and as quoted by Tony Mariano( Discovered Mt Weld/Lynus deposit) hosts one of the highest grade Neodynium . I dont believe we have paid much attention to this very important quote by a world leading authority on rare earths.
4) Paragraph 1 page 2 of this mornings announcement states that ARV hosts one of the very few Rare earth deposits recognised by the Australian goverment
5) This places ARV amongst four to five ASX listed companies with actual deposits recognised by the Australian goverment.
The rare earths in arv will be progressing albeit at the cost of time. None the less, it does include us on the map as a deposit which should spark some attention amongst other real REE players.
The Gold is developing nicely and Yandal still not factored in along with the rare earths.
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- artemis- ree a real deposit !
artemis- ree a real deposit !
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