Asra’s Executive Chairman, Mr Paul Summers commented:“We thank existing shareholders for their ongoing support and welcome a number of new sophisticated and high net wealth investors to the Company’s register. Asra is now well positioned to maximise shareholder value through its ongoing exploration and development programs on its highly prospective Mt Stirling Project, particularly on it’s ~5.2KM REE prospects.
The Board eagerly awaits the preliminary results of the metallurgical test work being undertaken on samples collected from its Yttria HREE prospect as well the completion of maiden resource estimate at Yttira.
As has already been announced to the market, we have received approvals for up to 50,000m of drilling at our REE prospects, which gives us excellent exploration latitude as we continue to develop the prospect.”
I was wondering if you had any idea on whether:
1. CSZ thought they were any closer to understanding where they think the intrusive source of the REE was after the Auger Vacuum drilling assay results?
2. they are going to try to validate the Vacuum Drilling with other types of drilling first, such as AC or RC, to save on repeat drilling, given I think CSZ said, it may that the Vacuum drilling may be a better sample quality.
In the original interview PS asked “What would be the next step after that? (Auger Vacuum drilling)? He said “move to twin the Auger Vacuum with RC, to replicate those results”, he also said “it could end up that the Auger Vacuum could be a better…sample quality”.
3. the recent Metallurgical results meet with CSZ original expectations with regard to ease of processing? I wonder why they would bother with Testing at the Australian Synchtron, when they could develop metallurgical tests for the recoveries using various processing methods?
4. they have any expectations with regard to possible grant approvals? I believe they were thinking that the grants needed to be in by March. I was wondering if the lack of metallurgical results at that point created any problems with those applications?
5. CSZ was still as excited about the REE project, given the perceived lack of market appreciation.
Thanks in advance for any info.
Regards,
Havenots
ASR Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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