Dr Rob Stuart stated in his presentation that the Rare Eeath assays "are imminent", (at the from the 13min mark) so can't be too far away at all.
It will be very interesting to see how the institutional and professional investors react to a 10km-20km strike length by 5km wide (50sq km to 100sq km) REE deposit being confirmed in low risk WA.....
Exciting times for DM1 shareholders, to say the least.
I've stated this a number of times, it is the best time in Australia's History for DM1 to be developing a Significant Rare Earth deposit at Innouendy and exploring for Nickel Copper PGEs at Dingo Pass and Copper Zinc Silver at Belele.
Article in today's The Australian Newspaper.
https://www.theaustralian.com.au/business/economics/us-will-go-nuts-if-china-cuts-exports-warns-joe-hockey/news-story/ed02a9a92f8e1b3bb5cacc940597ed65US ‘will go nuts’ on China: Hockey
FormerUS ambassador and federal treasurer Joe Hockey has warned that America is ‘goingto go nuts’ if China cuts critical minerals exports in the coming months.
By DAMON KITNEY
Former Australianambassador to the US Joe Hockey: ‘Australia is about to become a verysignificant supplier to the US and Western allies, national security companiesand the bigger prime industry.’ Picture: Allison ShelleyEconomics
4 MINUTE READ
Former US ambassador and federal treasurer Joe Hockeyhas warned that America is “going to go nuts” if China cuts critical mineralsexports in coming months, as the US Defence Department steps up its plans tobankroll major resource projects in Australia.
The US CommerceDepartment has unveiled sweeping regulations limiting the sale ofsemiconductors and chip-making equipment to Chinese customers, and there arefears China may retaliate by reducing US supplies of critical minerals, whichinclude copper, lithium, nickel, cobalt and rare earth elements.
All are needed for the manufacture of electric vehiclebatteries, renewable energy and military technology.
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“In terms of critical minerals, my concern is – and there has started to be a fewreports in the US suggesting this – is that after the midterm elections,and with a re-empowered(Chinese President) Xi Jinping, as of next year China will start to turn downthe tap on the supply of critical minerals to the US and other places,” Mr Hockey told a private forum in Melbourne last week hosted by Hamilton Wealth Partners.
“Now if they evenstart to adjust that tap, the US is going to go nuts.”
Chinese President Xi Jinping at The Great Hall of People in Beijing on Sunday. Picture: Getty Images
In his recentlandmark address to the Chinese Communist Party Congress, Xi Jinping emphasisedthe need to increase China’s self-sufficiency in technology and supply chains.
The US is moving to reduce its reliance on China forcritical minerals, andin August the Biden government granted Australiapreferred status to help drive its electric vehicle battery program.
“I can say toyou, in discussions with the Department of Defence in Washington, they areheading down the path of putting money into Australia for specific projectsthat will guarantee a supply chain for the US.
“They’ve never really done that before. They’ve neverused taxpayer money to invest in another country in order to get a guaranteedsupply chain in critical areas. That’s an opportunity for Australia,” Mr Hockeytold the forum.
“In truth, Australia is about to become a verysignificant supplier to the US and Western allies, national security companiesand the bigger prime industry. We are in an incredible position and we are wellunderway getting involved with it.”
Bank of America estimates that $US150bn will be neededannually for global miners to produce the minerals needed to achieve a globaltransition to net zero emissions.
In March the chief executives of Australian resourcefirms Iluka, Australian Strategic Minerals, Cobalt Blue, Lynas, RZ Resourcesand VHM visited Washington to discuss fast-tracking investment in the criticalminerals supply chain between Australia and the US.
There have more recently been reports that majorAmerican car manufacturers have been in discussions with Australian governmentofficials about co-investing in critical mineral processing in Australia.
