Great announcement, albeit a geo's regurgitation without adequate common language. Look forward to seeing the assay from CDX0033Further reading into the Appendix 2 JORC table shows the following key pieces of information:
This announcement describes the first diamond drill holes targeted at expanding the Cummins Range resource. Cummins Range deposit has a JORC compliant resource of 18.8Mt at 1.15% TREO + 0.14% Nb2O3. Metallurgical studies, water monitoring bores and flora studies are currently being conducted and a mining lease is under application.
• A further 14 000m to be drilling in 2022
• Metallurgical tests are being conducted
• Scoping studies are being conducted
Most important:
The primary ultramafic and carbonatite rocks host low to high grade rare earth elements with back ground levels of 1000-2000ppm TREO and high grade zones up to 17% TREO. The current resource sits primarily within the oxidised/weathered zone which reaches to 120m below the surface. Metallurgical studies by previous explorers and by RareX show the rare earth elements are hosted by Monazite and bastnasite which is a common and favourable host for rare earth elements.
Figure 3 shows the regolith mineralisation, as I understand it, in pink. So mu interpretation of the announcement is that it is likely the pink areas will hold REE! Very impressive!!!
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- Ann: 2022 DRILLING CONFIRMS SCALE, SIGNIFICANCE OF CUMMINS RANGE
Great announcement, albeit a geo's regurgitation without...
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