Ann: High-grade critical defence metals at Yukon Andrew Deposit, page-11

RNX deserves a significantly higher market cap... but not because of this fluff announcement. It probably puts a slightly higher valuation on the Yukon tenement (which, if memory serves me correctly, RNX has been trying to sell with the buyer dragging their feet on paying)

"High" grades of Germanium and Gallium... it is this style of announcement which undermines my respect and confidence in management. Current size of the project is 12.56mt of low grade Zn now with Ga and Ge credits. The Ge grade is respectable but it is not outstanding... and Ga high grade is actually around 100g/t (compare with this announcement https://www.listcorp.com/asx/ged/go...-and-gallium-identified-at-nosib-2895160.html ).  Is it an economic proposition taking into account processing or mining costs... who can tell from this announcement (grades based on samples crushed to ~10 mesh or roughly the size of a grain of sand... page 3 of the JORC section).

Happily comparing themselves to a nearby project getting government support, but, are there any similarities between that deposit and the one held by RNX that qualifies a comparison? No. Fireweed is getting money for.... "Fireweed has been awarded US$15.8M (~C$22.5 M) from the U.S. Department of Defense under Title III of the Defense Production Act of 1950 (“DPA Title III” to advance its 100%-owned Mactung tungsten project toward a final investment decision."

What I am waiting for is confirmation the tenement applied for under Cloncurry has been granted. RNX has applied for 2 government grants to carry out further drilling but surely they can only have applied for the already granted exploration tenements? The Mongoose Deeps prospect looks like the real thing but until they actually secure the tenement and find the money to drill it this is not going anywhere.