I thought OZM has been clear that the Niobium would be targeted next as soon as the tenements are granted. The exploration plans were laid out in the 15 March market release and last Quarterly Report:
- "Initial exploration plans at both the Catalao and Salitre projects will include geophysics and auger drilling geochemistry testing the interpreted circular features and extensive areas of laterite for carbonatite or clay hosted Niobium and REE."
OZM also stated in its 8 May market release:
- "First pass exploration– rockchip + soil geochemistry"
We know that almost all the Niobium tenements have been granted (only three remain to be gazetted when we last checked the ANM website). We also know that exploration work has started on the Salitre tenements since 20 May (according to the ANM website).
I guess we'll start to see a bit of marketing spin if anything of note is turned up. Failing that, marketing spin maybe with an acquisition tied to a CR (re-run of the playbook a la Jaime)?
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I thought OZM has been clear that the Niobium would be targeted...
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