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Ann: ACQUISITION OF HIGH-GRADE ARAXA NIOBIUM PROJECT, page-72

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Tarly123

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06/08/24

22:08

Post #: 75099571
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Originally posted by ozblue: ↑

There are various posters that keep posting these few good intercepts, some which are only a few metres apart..

Did you know an MRE had already been done on this deposit???
This is according to NI43-101 compliant standards, the Canadian near equivalent to a JORC resource estimate...
" An independent mineral resource has been estimated for the Araxá Project comprising a combined measured and indicated mineral resource of 6.34 Mt at 5.01% TREO (using a 2% TREO cut-off), 8.40% P2O5 and 1.02% Nb2O5 and an inferred mineral resource of 21.94 Mt at 3.99% TREO, 7.86% P2O5 and 0.64% Nb2O5 (using a 2% TREO cut-off grade). "

From ...
https://itafos.com/site/assets/files/1773/itafos-araxa_technical_report_final-.pdf

Pg 13 for those wanting to look it up..

Does anyone here really think another company that owned this project only drilled to 50M because they couldn't be bothered going deeper?? Or more likely they found nothing of substance deeper. Use Occam's Razor for the logic..

The small high grade ore body of 6.34Mt is only 5% TREO, below Lynas's grade.
Total niobium of the high grade is about 60,000t, compared to WA1 having 1,900,000 tonnes above 1%, or around 3% of what WA1 actually have...

Even with this little actual ore, some of it is under the tailings dam on land owned by CBMM. Do you think they would make you pay to go into competition with them??

This is nothing more than another JP lifestyle special, they can string along the unwary for years doing some drilling while earning huge salaries, as per the quarterly. I'm fairly certain the owners that sold this crock are grinning from ear to ear to get anything for it..

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hello, It is 28m tones at 4-5% while lynas is 4%, most companies would take 2%

they drilled down to 50m as they were looking for phosphate I assume and were not interested in niobium, you have been down ramping this company for years....

SGQ Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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Ann: ACQUISITION OF HIGH-GRADE ARAXA NIOBIUM PROJECT, page-72

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Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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Ann: ACQUISITION OF HIGH-GRADE ARAXA NIOBIUM PROJECT, page-72

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Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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