Ann: Maiden Rare Earth Resource at Milo , page-3

Hi NSW, they are being treated as two separate resources.

This is the TRREEYO resource first. My guess is that the copper and copper equivalent minerals JORC will be next cab of the rank.

The reasons for treating them separately would include the fact that they don't overlap completely with some REE and no Cu Eq and vice versa.

At 30% recovery and REE based on $150.00 per kg (I have no idea if this is accurate), this gives a REE total resource of $3.7 Bil.

That is a nice underpinning to Cu equivalent resource (lets guestimate between 2 and 3 Billion).

It's all starting to get very exciting but the market will probably still see huge uncertainties I guess.


Cheers,


John S.