The prospectivity of the Inferred Resource (Red Tail and Yellow Tail deposits) has been greatly enhanced by these results because it confirms that the clay hosted RE mineralisation continues for at least another 40 km further north. See map below. That’s a lot of ground to cover and infill drilling to do in due course, especially for those 1000+ppm intercepts where little work has been done.
However, the assay results (58% received) also confirm that the average Neodymium/Praseodymium (21.5%), and Dysprosium (2.5%) of all TREO content is consistent with the Red Tail and Yellow Tail resources.
It's all about the exponential growth in magnet rare earths for the Fourth Industrial Revolution and making sure your project economics is capable of leveraging-off of these critical elements which present 90+% of all REE value. Otherwise, there is little future in presenting a project that will likely be oversupplied for the other elements.
Finding a simple resource in a dependable country like Australia is so rare. A kind of insurance policy against geopolitical tensions that will keep rearing its ugly head time and time again. Otherwise, how can the world (exChina) invest and scale-up EV manufacturing with confidence?
Looking forward to the 10,000m drilling program to commence in the next few weeks.
All IMO, DYOR, GLTA(patient)H
Figure is from the ASX Announcement. My scribblings in red pen highlights the ground that is still to be covered.
