Ann: Exceptional High Grade Halloysite Discovered at Gibraltar, page-22

For those thinking I’m trying to down ramp, I’m not. I’m just trying to explain to those what the results mean and not be all rah rah about every announcement.

we need to be realistic here as this project is clearly a dud. I study grades on kaolin projects as I hold others also.

Brightness is the important factor as the Halloysite is only viable to dig up if you can sell the kaolin around it which is the main material in the offtake agreements needed to get the project viable. Over 70 brightness is good and over 80 is great.

ZERO of the holes with over 30% Halloysite were over 80 brightness. To break it down further for those wanting to be realistic and don’t have their head in the sand :

196 holes
Halloysite grades:

7 holes over 30%
22 over 10%
174 0-9%


of the holes over 30% Halloysite

3 are over 70 brightness
2 are 60-70
2 are 50-60 ( including the hole with 53% Halloysite)

the results speak for themselves