Looks like they've extended/doing more Niobium drilling then previously indicated in June (18 holes for 2,000m - up from 15 holes for 1,500m).
Makes sense as Niobium gave the SP a kick up from under 2c, and it's currently and recently the hottest commodity.
WA1 MC over $1B, ENR just under $300M, and a new wannabe acquiring (potential) Niobium projects it seems every week.
Niobium price currently about what the NdPr price was when DRE hit a $471M MC.
DRE already have the best Niobium drill results in Australia outside the Arunta, and that's from wide-spaced, first-pass drilling, that wasn't even targeting Niobium.
Now they're targeting Niobium, using their knowledge from prior drilling for REEs + gravity + airborne EM + magnetics, so hopefully we'll get more of the same (36m @ 1.0% Nb2O5 from 39m) or better.
Niobium drilling to be completed in 2 weeks.
Then it's off to drilling Tiger VMS.
Then it's off to drilling the Mangaroon Gold.
Cheers,
GB.
DRE Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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