Ann: Award of $200k EIS Funding - Drilling the Lyons Carbonatite, page-5

Its just stands for total rare earth oxides, Tropic.

A geologist heads out with a pick and collects rock chip samples along the interesting zones. We then drill those out and assay the grades.

What makes todays announcement exciting was the WA govt wanted to see what was down further so have co funded drilling on 2 more holes, a bit deeper than we had originally planned...


"Deep drill testing to 450m using a combination of diamond and reverse circulation drilling will also provide accurate depths to the geophysical targets.
Drill core logging will help to further understand potential overprinting relationships between any alteration and host rock mineralogy, particularly regarding timing of fenitic alteration (incl. magnetite and Th) that are found to be associated with the outer rim of these intrusive bodies (refer to ASX Announcement dated 10 June 2022).

Within the Lyons Block and along the Bald Hill Lineament, numerous carbonatite intrusions have been modelled from the airborne magnetics (Figure 3) with a similar dimension to the Mt. Weld carbonatite.
Two drill holes are proposed the test the outer magnetic rim of two of the larger carbonatite intrusives including LI‐03 at 3km diameter and LI‐01 at 4km diameter. Independent consultant and expert on carbonatite intrusives, Franco Pirajno, has reviewed the geophysical modelling, rock sampling results and proposed drill sites. Franco will evaluate results from the co‐funded drilling programs. He is currently adjunct Professor at the Centre for Exploration Targeting (University of Western Australia). "

Sorry about the formatting, but nice to have WA govt stumping up to see what is below, nice to have govt funding for anything!!

Just an opinion,

TCG