yangibana- what is it worth, page-26

Hi guys, just noticed this discussion and thought I would refer you to a post from my BLOG from some time ago.

I have noted some people's suspicions about the company understating their reporting on Yangibana, as well as theories about flogging off for a song to "associates". In this respect, please refer to second last line in my first post which states;

"GTR is also looking for a new major project and it is only here that I recommend caution. A deal here can can work for or against current shareholders. With manynames sniffing around this area, some of them sharks for sure, it is unclear how this will pan out. Sharky types on the ground nearby and in the JV operator ARV."

Now, I also wonder why the company has never referenced the previous resource size, which is why I posted it for all to see. I have seen the worst of the worst when it comes to dodgy deals and so I can't help but feel sus about anything that looks remotely out of place.

Now, I do hate to jump to conclusions, so I wont spell out any suspicions, but feel free to follow up the following and report any findings you might have
1) Adjacent tenements, starting with E09/1053
2) Substantial holder changes in ARV

It is also worth noting that the previous GM had raised the possibility of farming out their REE interests to focus solely on gold. This would include Yangibana.

Now, all suspicions aside, it is worth noting that the majority of the resource is located on E09/1706 which is still a pending application. This tenement is progressing through the relevent native title procedures before it will be recommended for grant. Until such time as the lease is granted no work can be carried out. It would not be fair to criticise management for being tardy when they can't actually carry out any work on their main lease.

E09/1706 is the tenement marked by the yellow envelope on my map.

In my other blog post concerning Yangibana I wrote

"What stands out the most is the % of Neodymium which makes up in excess of 25% of the Yangibana REE deposit. My findings are in line with comments made by world REE expert Dr Tony Mariano. Earlier this year Yangibana JV partner Artemis Resources hosted a site visit by Dr Tony Mariano who took various samples for mineralogical purposes. In his findings he concluded that the neodymium values in the rocks contained at Yangibana are the highest he has seen in any rocks."

Neodymium will be one the REE's to be in high demand in the future and be under constant pressure to meet that demand. I like the fact that Yangibana is weighted towards the heavy REE's (according to my analysis anyway).

I beleive Yangibana is a quality project that needs to be exploited in owns right, without playing second fiddle to ARV's advanced gold projects. However, like always, corporate activity can absolutely rip the guts out of a projects potential to pay dividends to us regular shareholders. I am hoping it doesn't happen here, but nothing surprises me these days.

I think this thread is great as it serves to raise the profile of Yangibana, because if it is forgotten about, it is much more likely to be the victim of adverse dealings. Keep it alive.

This thread prompted me to log in for the first time in months.

Cheers.
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GTI Resources (ASX: GTR) - Yangibana REE Project
By vautexhc
GTI Resources is an ASX listed "micro" cap explorer which I consider to be extremely undervalued. In a market which presently "goes ape" on the mere mention of the 3 letters "REE", especially if "rock chip" is in the same sentence, I am left wondering how it is that GTI Resources has flown under the radar with its significant interest in a comparatively advanced project. GTI has a 30% free carried interest (to BFS) in the Yangibana REE project, which is operated by majority stakeholder Artemis Resources (ASX: ARV). Many companies publish REE "discoveries" on an almost daily basis, with few actually drilling a significant number of holes, if any. The Yangibana project is different however as it is one of an extreme few REE projects in Australia to have historical results at the ready. In 1988, Challenger Mining Corp / Hurlston, drilled almost 3500m from 80 RC holes to test 20 high priority outcropping zones over 7km. The major prospects are today covered by the Yangibana JV tenure. Recent drilling has confirmed the strike over a small section of the project area. Rock chip highlights include a single sample grading 19.44% TREO

GTI and ARV have both mentioned that a resource was defined as a result of the historical drilling but neither company has published any figures or elaborated to any extent. My research suggests that drilling indicated a shallow resource exists to approx 35m depth, over 7km of strike, for over 3.5Mt grading approximately 1.7% REO. The resources areas were defined as either "possible" or "probable", with approx 65-70% of the total resource falling under the higher category of "probable". The methods for calculation were conservative with resources categorised as probable only where multiple drilling traverses intersected a gossanous body with consistent strike, outcrop and depth. Mineralisation has been evident as deep as 115m with the average depth being less than 40m. With the mineralisation being open at depth and along strike the historical estimate should easily be converted and upgraded under the JORC code with a focused drilling program.

Please note I am not a qualified professional in this field.

The Yangibana JV also has a notable neighbour in Giralia Resources who controls some neighboring tenements. I consder Giralia to be a well run, respected company with a proven record of identifying projects with potential, and as such, their presence should be considered a positive.

GTR only has 38M shares on issue which values the company just under $2M. With almost $1.2M in cash, only $800k of GTR?s value is attributable to their projects which include the Yangibana JV. With many REE hopefuls valued over $10M on rock chips alone, GTR appears seriously undervalued with a 30% free carried interest in a project that is closer to a JORC resource than many others, if not most.


GTR is also looking for a new major project and it is only here that I recommend caution. A deal here can can work for or against current shareholders. With manynames sniffing around this area, some of them sharks for sure, it is unclear how this will pan out. Sharky types on the ground nearby and in the JV operator ARV.

Either way, I have outed the unpublished resource figure of 3.5Mt @ 1.7% REO and I think it shows GTR is undervalued @ only $2M. Call me crazy.
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