Great grades, but deep and skinny by comparison with Luni it has to be said... Bit over 100m wide so far, strike unknown but looking at the drill hole numbers it's obvious the HandXRF has determined what holes to fast track through lab and what holes were held back. Logic says they started drilling first west of previous hit in hole ELA008, then chased the carb along strike further west. Hole Id's from section released shows they then infilled wide first pass holes (eg EAL154 & 155) with later holes EAL252-258 etc...
So yes this part of the Arunta is very fertile for niobium carbonatites, economics will be determined by sufficient size/thickness of high grade, depth to ore and metallurgical recoveries. Obviously wide and shallow is preferential to deep and skinny, but early days and lots of juicy looking geophysical targets. GLTAH
ENR Price at posting:
34.5¢ Sentiment: None Disclosure: Not Held
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