Ann: Gronnedal REE Project Maiden Inferred Resource Declared, page-33

The contractors took partial script last time - but that was when the share price was much higher.

The OZ yellow will probably need to transact, in order to make the programme more extensive.

Failing that Cerium have a 1.5 cent ex option, exp May.


Check out this Conico quarterly, they funded a diamond drilling programme for about $1.5M AUD, over multiple project locations; but has ended needing to take the contractor arbitration as they didn't execute the full programme.
https://www.aspecthuntley.com.au/asxdata/20230131/pdf/02626410.pdf

Bung a 200m hole at where the MRE is located and you'll be laughing; billion in ground resource value.

Bung 20x 200m holes around Gronnedal and we are in the trillion's of in ground resource value imo.
(this is about $1M AUD).

Bung 20x 400m holes around Gronnedal and we'll be getting weeks worth of ASX trading halts.


(Australian pricing is about $200 per metre for 2250m)
Conico seems to gotten a good deal, but unfortunately the contract was not completed.