Ann: Exploration Program Update, page-53

Nice reminder re LFP demand and 50% being phosphoric acid (the largest material input by volume)....





Remember, that Inca 'surrounds' the biggest phosphate deposit in Oz.... AEV's Wonarah in East Tennant.



Brett Clark from Avenira calls our area "the next Pilbara" of phosphate, hence all the big infrastructure plans and funding in the NT... No doubt AEV will be popping over our fence for more.

"Sediment phosphate deposits at Inca’s Frewena Frontier Project, has added a new phosphate-focussed dimension within Inca’s already impressive Frewena IOCG-SEDEX exploration portfolio. The new Frewena phosphate exploration direction will become an integral part of Inca’s 2023 exploration season in parallel to its ongoing IOCG-SEDEX exploration activities"



"There are five basin structures wholly or partly within Inca ground that have been identified to date that warrant investigation (Figure 2). The most prominent of the five are two that are located northeast and north-northwest of Wonarah. The basin northeast of Wonarah (on Inca’s Frewena Frontier Project) is particularly interesting in that it has not been drilled. It has an area roughly 50%-75% larger that of the basin that hosts Wonarah. The basin north-northwest of Wonarah is approximately 100% larger than the Wonarah basin"

Remember that this is sedimentary phosphate, about 60m deep so NO 1km drill holes!

Poet