It was mentioned without fanfare, but I just want to bring to everyone's attention that the long awaited rare earths exploration lease has been granted, bridging the 6km between Deep Leads and Rubble Mound. Highlighted green on the map on page 1. The CEO said "Deep Leads REE mineralisation could connect to Rubble Mound". No doubt the new drill rig will be tasked to firming up an economic deposit over this 6km strike. Very exciting times!
At today's share price of 14c, the rare earths deposit AND Alcore are valued at only $15m combined, given that our half share of Binjour has been independently valued at $18m by a third party. That is ridiculously low. The Alcore pilot plant is due for completion some time in the next month...
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It was mentioned without fanfare, but I just want to bring to...
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