Ann: June 2024 Quarterly Activities and Cash Flow Report, page-84

Another 5 day update.
Main obvious changes are in Central Luni where something approaching 50m infill has begun. Site preparation likely and possibly some drilling.

East Luni only 3 sites show activity and were also active in the previous days. Perhaps one is a diamond drill site hence the long time frame.

If real activity at both areas internal to Luni then perhaps 3 rigs on site. RC DD and Sonic?

Overall, messy, Google Earth interpretation. Black hexagons activity over last 5 days.



Detail of SW central area without the two marginal sites.
Updated from the image in previous post.


Relatively subjective for the classification of low to very good.
This (open) 400m x 300+- area has some very impressive and relatively continuous zones of high grade mineralisation. As such the infill drilling to "50m" spacing is likely to continue for some time (white triangles) leading to indicated to measured resource status. Actual sites probably fewer but IMO something akin to this to get the status up to indicated at least.

In addition to the selected hole assays shown above here are the next two lines to the east. Best assays only - subjective.

	Hole ID	From (m)	To (m)	Interval (m)	Nb_{2} O_{5} (%)	TREO (%)	source	m% Nb
1	LUDD23021	46.5	61	14.5	2.51	0.7	3/06/2024	36.4
2	LUDD23029	64.2	66.7	2.5	3.17	0.88	3/06/2024	7.9
3	LUDD23029	74	75.3	1.3	3.74	1.46	3/06/2024	4.9
4	LUDD23029	74	77.7	3.7	1.69	0.61	3/06/2024	6.3
5	LUDD23029	82.3	95	12.7	1.93	0.89	3/06/2024	24.5
6	LURCD23115	41	52	11	1.09	0.86	11/12/2023	12.0
7	LURCD23115	79	120	41	1.81	0.85	11/12/2023	74.2
8	LURC23116	80	84	4	1.18	0.42	11/12/2023	4.7
9	LURC23117	46	62	16	4	1.12	11/12/2023	64.0
10	LURC23118	63	74	11	3.25	1.31	11/12/2023	35.8
11	LURC23119	48	59	11	2.2	1.08	21/02/2024	24.2

Hole ID	From (m)	To (m)	Interval (m)	Nb_{2} O_{5} (%)	TREO (%)	source	m% Nb
LUDD23004	52.5	69.5	17.1	2.71	0.95	3/06/2024	46.3
LUDD23016	105	141.4	36.4	1.69	0.69	21/02/2024	61.5
LUDD23016	150.5	155.7	5.2	1.77	1.14	21/02/2024	9.2
LURC23015	78	89	10	8.3	1.87	5/06/2023	83.0
LURC23016	80	88	8	3.02	1.72	5/06/2023	24.2
LURC23017	43	52	9	2.51	1.16	5/06/2023	22.6
LURC23172	64	66	2	1.7	0.73	21/02/2024	3.4
LURC23120/21	NOT IN DATABASE - CHECK

Note these high grade intersections have halos of mineralisation which may or may not fall into a future mine plan. Some will but there is 'grade smearing' for some zones.
Multiple zones are present with some probably in fresh rock. Not all these, generally, narrower zones are given in the tables above.