Ann: Metallurgical Testing Underway for Narraburra REE Project, page-4

The link would not work RED328 - I cut and pasted the article from ++++head.
GODOLPHIN RESOURCES (ASX:GRL)

The Narraburra rare earths project in the New South Wales Riverina, where Godolphin is earning a 75% stake, already has a mineral resource of sorts.
Its previously reported inferred mineral resource estimate of 73.2Mt at 1250g/t ZrO2, 327g/t REO, 146g/t Y2O3, 126g/t Nb2O5, 45g/t HfO2, 54g/tGa2O3 and 118g/t Li2O was tabulated by previous owner Capital Mining under the JORC 2004 Code.
Ergo, it doesn’t really count.
But 2004 qualified resources can be a good starting point for a JORC 2012 mineral resource, because it means drilling data is already there to help establish an official number.
Godolphin, which saw JV partner Orange Minerals (ASX:OMX) post a ~50,000oz maiden gold resource at the Calarie project in NSW GRL itself has farmed out last week, reckons a maiden upgraded MRE is due this quarter.
Its maiden 31-hole drill program at Narraburra confirmed rare earths mineralisation, including eight holes which struck mineralisation outside of the known rare earths deposit.
“We look forward to continuing with exploration to define the ultimate size potential of the deposit,” managing director Jeneta Owens said.
“The latest results confirm TREOs are present in the shallower clay and saprock zones, which can lead to near‐term, low‐cost mining opportunities and expedited extraction to generate potential project funding and offtake interest.
“The company is now commencing metallurgical test work with mineralogical studies, while exploring additional exploration opportunities to gain further understanding of the larger system at Narraburra.
“Godolphin will utilise the results from all 31 Godolphin holes drilled to date at the Project, as the basis for an updated Mineral Resource Estimate to JORC (2012) standard. Work towards this calculation is underway and we expect to provide further updates on the upgraded MRE during the current quarter.”