Obviously there is a wide strip of remnant laterite right across...

Obviously there is a wide strip of remnant laterite right across most of Australia, all of which is prospective for ICDs. Simple maths can tell what the critical variables are to be potentially economic on a stand alone basis, before considering the iron law of mineral economics only the best deposits with lowest capex and/or highest margins will prevail LT on a competitive market.

This new prospect looks like more of the same most of SA will throw up if/once it's drilled. Only one third holes with elevated TREO intervals are have reasonable strip, and one third are too shallow or low REO. Wide spaced true, but until proven otherwise infill drilling has tended to produce poddy and sporadic REO highs, at generally high strips, over small areas one wouldn;t consider coherent sizable deposits. Nothing special.



As per my earlier post on ITM, the grade, continuity and strip is important but he met recoveries are critical. Results so far for typical benign salt-pH conditions as per much of China's ICDs demonstrate poor recoveries and that most REO is colloidal to mineral hosted. Not that ITN has any worse than the rest of ASX's ICD hopefuls... they all keep hanging their hats on aggressive pH=1 or less leach fluids while not reporting acid consumption and other crucial variables.
https://hotcopper.com.au/posts/60112847/single

Watching brief but all still same same for me.

Good luck