Ann: High-Grade REE Ironstones Outcropping at Mangaroon, page-7

As the Dean says - this is an "interesting development."

Only rock chip sampling so far, but the grades are certainly high.

The JV at Mangaroon with FQM gives FQM a 51%b in interest in base metals, rising to 70% if they fun all expenditure up to decision to mine.
DRE would have the remaining 30% risk free, without having to fund any of the exploration costs, and retaining 100% of any gold resources found along the way. However the base metal they were emphasising was Nickel.

I wonder if rare earths are specifically mentioned in the JV agreement? Rare Earths seem to me to be a category of their own.

Definitely an interesting development, and it highlights yet again the incredible range of highly prospective targets DRE has across the various tenements they control.

Cheers

Dave