Is the market just pissed off with KAI, or, are they missing something??
19 December 2023. KAI SP .016 up 14%. Today. .014.
• Final assays from recent Roe Hills North drilling reveal very high-grade rare
earth element (REE) intersections over a large area at the Black Cat prospect
• Results include a standout intersection of 28m @ 3854ppm TREO from 32m
which includes 4m @ 2.31% TREO (23,182ppm) in drillhole RHRC253
• More than 90% of holes tested for REEs have returned significant intersections
of REE (>500ppm TREO)
• Mineralisation contains exceptionally high proportions of the high-value
neodymium + praseodymium (23% of TREO) and Magnet REO (28% of TREO
element.
VMM today. Last Price (AUD)$1.610Today's ChangeUp$0.275 (20.6%)
Third batch drill results continue to impress, at an average grade across 109 augur holes of an impressive 3,002ppm TREOUp to 9,447ppm TREO discovered at the western quarter of the Alkaline ComplexFurther assay results are pending and intensive drilling across the project continues
A third set of assays has come back from Phase I and Phase II maiden exploration programs for a total of 109 auger holes and four diamond hole assays have been received, showing an average REE grade of a whopping 3,002ppm TREO with NdPr @ 720ppm and Dy-Tb @ 33ppm.More than 100 auger holes, 34 adapted-RC holes and 19 diamond holes are still waiting to be assayed, with exploration drilling ongoing at Colossus’ Northern Concessions and Cupim South prospect.Impressively, the sixth diamond drill hole from the Fazenda prospect returned 33.5m @3,091ppm TREO, representing the best intercept to date from the Northern Concessions and the second-best recorded intercept within the entire northern half of the complex.
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