Ann: Consistently high grade returned from recent drilling, page-4

Quick summary;



-Grades are quite good averaging over 1000ppm+ average noting a 500ppm cut-off.
-Thickness is 1.3m which isn't very good.
-Depth is 2.24m which means at surface, but needs to be taken in consideration with thickness of orebody so as to determine the strip. The ratio isn't as good as peers so the mined/waste tonnes to processed might be a little higher.

-NdPr content ok at 20.95%. IXR around 23% biolantanidos is around 22%.  
-Dy content ok at 2.69%. IXR around 2.2% biolantandidos is 4.8%.

Hopefully they perform some met testing across the tenement and in the shortish term.

They have acknowledge during an SEM investigation that there is a suggestion a large portion is adsorbed but not all. I would take various samples across the tenement and determine the areas with the most adsorped material and focus the drill program there.

All well and good having 1000ppm+ hits, but if not ionic then unlikely profitable as EMT/Salazar found out.



Also note the details of the leach testing performed previously, can be found in the prospectus and would remain my primary concern as an investor whereby the 25kg composite (best analogous representation to date) when processed using low Ph and acidic addition returned relatively low values of extraction.



Comparable extractions from an ionic clay project below. Note that Ce/La typically recovery poorly in an ionic clay project due to the hreo being primarily ionic adsorped and thus ion-exchange process is more amenable on these.



More results outside the known area's is also obviously good.

*disclosure, i'm speculating here currently only a smallish entry and primarily driven from T/A factors until such time i'm affirmed of the economic viability.

SF2TH