Ann: Ema Project Update, page-2

Great read. Enviro study complete. Locals and senior officials happy. Offtake discussions advancing.

Meanwhile MEI and VMM are raising vast sums of money that would completely build our whole mine so they can build their pilot plants while our pilot trials are almost complete!

Permeability almost double what was used in the Scoping Study (0.27 m/day vs to 0.15 m/day). Every chance we could drop our world beating AISC of $6.69/kg even further! (MEI's ASIC more than $12).


"hydraulic conductivity values that are substantially better than those assumed in the Scoping Study (0.27 m/day vs to 0.15 m/day), with maximum K value of 0.65 m/day7.The K value is a property of the material that describes the ease with which a fluid can move through the pore space of the clay network. K values depend on the degree of saturation and on the density and viscosity of the fluid injected. Sufficient permeability within the mineralised zone is the key criterion for the successful deployment of the ISR mining method."