Actually that’s not correct. Not many companies have done assaying suites in the past to include REE’s. All the companies around WA1 in the West Arunta are finding that out. Hence why the Luni and P1/2 discoveries were only just found in the past few years. Previously to that the targets on the geophysics were only tested for base metals and precious metals.
Companies now are doing complete assay suites on all drill holes with the way REE have emerged in the past decades. It’s also a free kick to any company with solid ground to find old core and samples on their tenures because they can now test it with modern standards and cheaply and reliably prove up a potential resource with companies who have historically already drilled it and spent the money. There’s lots of core libraries around the country holding potential REE discoveries.
This news today is a game changer for SGQ despite what the negative Nancys say - funnily enough they only return here when there’s a decent announcement. Obviously hold a grudge with management and the company, or sold at a loss or scared that this may rebound in a big way soon and make them look extra silly.
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