Hello. Sorry PTR folks. I was confused with my previous posts....

Hello. Sorry PTR folks. I was confused with my previous posts. That's what happens with too much time on the MEU forum.

So, today, PTR announced a new vertical (north-south) line of drill holes; thus in-fill drilling two of the previously announced vertical drill lines.

1. We can see in the Table the (yellow coloured) drill line to the west/left with an average intersection width of 14.9 metres & average grade of 10.6% HM; which also had the extremely high average 76.4% titanium content.

2. Today's results (in blue colour, middle of the table) have average intersection width of 14.7 metres & average grade of 11.6% HM. Importantly, today's drill holes extend further north than the above western/left drill line, which demonstrates excellent continuity of high grade further north than the lower grades (of 6.6% & 7.4%) previously exhibited in the western/left (yellow) drill line, which gave the impression the deposit may end here. Therefore, today's drill results offer encouragement the grade will improve north of those western/left 6.6% & 7.4% drill holes.

3. Importantly, today's results show continuity of high grade between the previous two drill lines; where the far eastern drill line (yellow, right below) shows the grade of the deposit diminishing & ending to the east (despite its excellent 18.3 metre average intersection thickness/width). Average thickness of 18.3 metres here at 4% titanium content from average of 4.5 metres below surface still appears very economic.

4. In summary, today's announcements shows high grade continuing to the east of the previously announced high grade HM high grade 76% titanium drill line; plus the high grade continuing to the north.

Click on the table to enlarge.