Ann: Extensive Rare Earths in Surface Clays at Kennedy Project, page-19

The market isn't understanding these results. I know its no MEI with 3000ppm+, but anyone who has been around the rare earth space long enough knows this is massive. A ph4 leachable deposit in Australia with what looks like a huge area with 1000ppm+ grades.

There is clearly a large Ce anomaly at surface which is reminiscent of ionic clay deposits (backed by the science), and they've already ticked off the early stage ph4 leach tests. Making matters even better, the positive Cerium anomaly doesn't precipitate out (super low Ce recoveries).

There is a huge area to drill here and based on a very rough number of wide spaced holes, 36sqr km @ 1.8sg @ 1000ppm is 130Mt @ 1000ppm. Huge grain of salt there in both directions, because the 'tertiary clays' cover the entire tenement and my numbers are working on the extremely early broad spaced drilling.

This IMO will be the Australian ionic rare earth resource that we've been waiting for.

Oh yeah and look who is chairman....