Correct, Bundy. There is an REE orebody at Dazzler. Is it economic? Hmmm. I dont know.
The drilling HAS increased geological knowledge of Browns Range. I cannot infer more than that from the announcement.
The announcement also says:
A co-funded Round 31 EIS application to drill similar structural and lithological targets at the Ripcord HREE prospect located 700 m northwest of Dazzler was successful. This co-funding agreement supports direct drilling cost up to 50% of the program to a maximum of $180K, and an additional maximum of $20K mobilization cost.
So NTU is incentive-funded to keep drilling its exploration tenements.
If we have a geologist on board, please share your views.
Ash
NTU Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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