Ann: June 2024 Quarterly Activities and Cash Flow Report, page-56

Very cloudy for yesterday's Sentinel satellite pass. Not dissimilar to other aspects of the market....

I didn't expect to be able to see much but there appears to have been some site prep, if not some drilling, visible.



Blue open circles possible activity in last 5 days.
Yellow circles for sentinel image that is basis of the above.



Source timelapse.

Not an easy or necessarily reliable data set to interpret.
The locations do make some sense.
Probable completion of the 11 sites prepared and being drilled out over the last couple of weeks.

Somewhat surprising to add another 4 or 5 sites a couple of hundred meters to the south.

Apart from hole 44 there are assays, in this area, at or above 1% Nbx so these sites likely represent marginal testing on top of earlier 2024 interp activity.
Also come close to a phoscorite zone shown in the MRE.

Selected assays from reported holes in this zone.

	Hole ID	From (m)	To (m)	Interval (m)	Nb_{2} O_{5} (%)	TREO (%)
1	LURC23044	40	49	9	0.32	0.66
2	LURC23045	43	84	41	2.4	0.91
3	LURC23101	39	40	1	1.2	0.21
4	LURC23102	40	57	17	1.97	0.95
5	LURC23102	134	139	5	0.94	0.33
6	LURC23107	40	55	15	3.30	0.96
7	LURC23156	39	55	16	1.66	0.64
8	LURC23157	54	84	30	4.73	0.84
9	LURC23160	64	76	12	0.23	0.11
10	LURC23161	59	64	5	1.62	1
11	LURC23162	89	114	25	2	0.67
12	LURC23204A	38	52	14	2.32	0.88
13	LURC23205	33	36	3	1.36	0.89
14	LURC23205	66	68	2	1.37	0.10
15	LURC23208A	47	52	5	2.04	0.68
16	LURC23209	30	40	10	1.37	0.82

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Other areas in Luni with equal or better assays so why was this area first cab of the rank for more detail?
My best guess is that the supergene blanket here is generally shallower than elsewhere.

As part of research into what is the distribution of Nbx in fresh rock I sorted my 2023 Luni Assays by depth >=120m and containing 1%+ Nb assays. Preliminary results are in this post.
FWIW this is the plot of those selected holes on the Whale.



Diamond and RC holes mixed so not like for like with DD potentially drilling much deeper.
The white outline made me check out the passive seismic data.
There is some correlation to depth. What the significance is needs more careful study. Suspect the depth to mineralisation may be more consistently deeper hence focus, initially, on NE. DYOR to cover the proverbial. Interesting, to me, if nothing else. Something WA1 would be on top of (if interested) with a full data set.