Ann: High-value Titanium Mineral Assemblage at Muckanippie, page-19

Hello. Since @grubarura is a civil person, I will unpack my view of today's announcement for them. Note: I already predicted these holes would be the worst due to the magnetic high therefore let us hope this turns out to be true and that, in the future, MEU announce more & more better and excellent results. .

1. The MEU diagram below shows holes 79 and 80 are lower grade titanium content near surface (in orange colour). Its likely to me the higher titanium grades (in red color) at depth are uneconomic to mine plus they are probably ilmenite. If we don't understand, pseudo rutile will be nearer to surface because the iron has been leached out of the leucoxene or ilmenite.

2. Unfortunately, hole 81, while having high grade titanium near surface, is ilmenite near surface and probably lower grade of ilmenite the deeper the minerals.

3. Hole 78 is mostly pseudo-rutile and rutile near surface, thus replicating PTR. .

4. My spreadsheet (if i have been accurate) shows how the "discovery holes" start to lose their lustre. Hole 78 announced as 7.5% titanium looks to me more like 5.3% titanium content. Hole 81 announced as 10.1% titanium content to me looks more like 7.4% titanium content. I could be wrong here but that is how it looks to me.

Note: to calculate a theoretical iron content, i have multiplied the rutile by 5%, the pseudorutile by 25% and the ilmenite by 50%.