REE 8.33% 1.1¢ rarex limited

Ann: MINERALISATION ENCOUNTERED IN FIRST DRILL HOLE AT TRUNDLE, page-236

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  1. 315 Posts.
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    This is such a great company in the making at only circa 20m m/c ...a pittance for what is actually transpiring here
    Free carried for the expensive drilling with 6 magnificent cores coming our way, the next core will confirm the massive scale of Trundle and will rerate this !

    Want to shed some light with the recent Geo results from another company SLZ, their tenement is located exactly to the right side of Cundumbul tenement which is along the same enriched formation as NCM's Cadia & ALK's Boda deposit.

    https://hotcopper.com.au/data/attachments/2184/2184557-588d1ea79420d8e8d801ebca30d57949.jpg
    https://hotcopper.com.au/data/attachments/2184/2184563-54b2c4933c20831ecf9ec1a9871b52a3.jpg
    I know the current focus is on Trundle and some light on Cummins project but this is just making the case here so much more compelling. Look at those chip grades which indicate how mineralized the ground is. And REE's tenement EL6661 is on the left side which will have the larger ore body. It is smack bang in the middle of the volcanic arc which holds some of the most famous Porphyry deposits in the world.
    This is clearly a monster in the making GLTA. 10c+ is looking more realistic by the day
    P.S. - I also hold SLZ as it has excellent potential with a $4m EV
 
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