These aren't bad numbers for REE, they are perhaps middle of the road. It is a large area with plenty of tonnes and this is reconnaissance drilling so there will likely be higher concentrations in areas over the project. It is early days and there has to be some Met work done etc however if this ends up being ionic clays with amendable extraction properties then there is good value there. In regards to determining these factors and even running another AC program we are not looking at much money to better understand what we have here. Personally I would imagine that if this further work is favourable then there will be JV opportunities for MXR which allows us to focus on the gold and Nickel should we wish to JV the project for REE.
We are also awaiting the results from the AC assays for base metals etc and the determination of bedrock geology. This will be interesting.
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