LYC 1.35% $5.83 lynas rare earths limited

Ann: Lynas Conducts Deep Exploration Drilling of Mt Weld Ore Body, page-23

  1. 998 Posts.
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    Will be very interesting to see the complete analysis of the sample..

    Not needed for many years, but speculating, 1km depth at -55° would potentially mean 565m tonnes ore, at 2.5% TREO = 14m tonnes TREO.. or ~10X current resource estimates.. Hypothetically good to go for another 250 years. But that sample at ~670m looks even by eye much higher than 2.5%.

    Digging deep (at that angle, the drill would have reached a depth of ~800m), but can be done. Actually, in Kalgoorlie, the 'Kalgoorlie super pit' (gold mine) is close to 800m deep..

    https://hotcopper.com.au/data/attachments/3426/3426508-53e6a12e00035c55849f3b571266bcbd.jpg
 
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