high component of heavy rare earth elements, page-6

G'day everyone,

Cutting straight to it, these results are disappointing. I have been holding for some time now and was expecting more.

Initial rock chip samples released back in September returned encouraging assays up to 48,000ppm TREO (with 12,800ppm HREO). This sample, KK43, was an outlier, with the next highest assay registering just under 20,000ppm TREO, however none of the RC holes have returned anything near those levels.

The notable assays for KK01 to KK030 mostly range between 2,000ppm and 3,000ppm, with a maximum value of 4,315ppm TREO (944ppm HREO) in KK013 in a 3m intersection from surface. The bedrock was of significantly lower grade.

The new rock chips 500m to the East are enough to justify follow-up drilling, though they aren't as prospective as the previous rock chips.

Put simply, the best result was 0.4% TREO with 0.09% HREO. Interpret that how you will but it is not enough for my investment dollar and I had to exit the stock today.

Good luck to holders,

Tawny