Hi Blue, i agree this investment looks slid going forward. even...

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metro123

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20/04/24

15:00

Post #: 73438397
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Originally posted by bluesamurai: ↑

Remaining 49% of flagship Narraburra project bought from JV partner EX9 for very favourable terms for GRL Considerably strengthens GRL’s landholding which is now includes 100%-ownership of over 500km2 of highly-prospective rare earth ELsNarraburra has 94.9Mt JORC 2012 rare earths resource with high-grade magnet elementsFlexible development pathways under discussion with interested parties Special Report: Critical minerals explorer Godolphin Resources now owns 100% of the Narraburra rare earths (REE) project in NSW after buying out JV partner EX9.Narraburra is a highly prospective REE project with a 94.9Mt @ 739 parts per million (ppm) total rare earths oxides (TREO) – including a high-grade 20Mt component of 20Mt @ 1,079ppm TREO.Godolphin Resources (ASX:GRL) recently expanded the project a further 110km2 and has received Phase 2 metallurgy results through ANSTO, achieving huge 80-95% magnet REE recoveries – the high-value rare earths such as neodymium and praseodymium (NdPr). QUOTE in * today
Our 15% investment in GRL is looking a little stronger now with heavy rare earth potential in Australia and the US IMO

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Hi Blue, i agree this investment looks slid going forward. even better now the sale fell through. I get the feeling ARR setting up this stake in GRL for after Nasdaq listing, spin halleck creek into fully US company retaining royalties. ARR then takes over GRL turbo charge development, rinse and repeat. Just my Saturday arvo musings, id like to hear your opinion.

ARR Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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