Ann: Franklyn Kaolin-Halloysite Prospect Reveals REE Potential, page-4

The seem comparable to the early results that came out of the historical analysis they did at the Eyre Peninsula Project (Ethiopia prospect etc.) That has led to some solid results from drilling programs (over 2,300ppm REE). The fact that Archer has done a lot of the work defining a large target area at Franklyn and the Halloysite potential as well makes this interesting.

For reference the first batch of historical from Ethiopia was:
• ETH-01 – 6m @ 896 ppm TREO (-45μm) from 0m
• ETH-03 – 6m @ 696 ppm TREO (-45μm) from 0m
• ETH-13 – 10m @ 784 ppm TREO (-45μm) from 0m
• ETH-16 – 6m @ 502 ppm TREO (-45μm) from 20m
• ETH-32 – 6m @ 552 ppm TREO (-45μm) from 2m
• ETH-33 – 18m @ 652 ppm TREO (-45μm) from 0m

Compared to these results:
• FRAC19-005 – 19m @ 631 ppm TREO from 9m
• FRAC19-010 – 12m @ 960 ppm TREO from 3m
• FRAC19-011 – 7m @ 995 ppm TREO from 6m

From the release I'm assuming that the massive targets at Caralue Bluff (12kmx12km) and Ethiopia Prospects remain the main game but this definitely adds to the long term case for ITM.

NaK