Ann: High Grade Rare Earths Assays Continue at Kangankunde, page-52

Euroz have upped their Target. I expect this to change again in the next few weeks!!




LIN has released assay results for a further 16 RC holes drilled at the Kangankunde Rare Earths Project (KREP).

Drilling continues to intersect significant intervals of high grade rare earth mineralisation from surface, which is yet to be constrained by drilling at depth. Drilling in the southern area of the central carbonatite has returned 100m at 3.4% TREO from surface, while the Phase 2 drill program has progressed ahead of our expectations with ~900m of the first of two 1,000m DD holes now complete.

Our updated valuation increases to A$0.81/sh on an unrisked basis, with model risk weighting to be re-assessed as key project milestones are delivered in the medium term