@setfire2thehive best qualified to answer that.
From what I have seen of their drill results the resource whilst widespread and near surface is quite shallow - most of the intercepts are only 2-3m. I think to date they have only been able to leach REEs from
clay with the use of significant acid?
ITM has thick intercepts near surface (in some cases 30m) and has shown ionic nature at nearby tenements, albeit still waiting on met results at Caralue, which has the most promising resource. ITM also has the potential to produce kaolin as a by product.
AR3 market cap is approx $55m vs ITM $35m and ITM also has an advanced graphite project that is close to confirming compatibility for battery anodes produced in a sustainable process.
This is by no means advice or bashing AR3, would be good for someone better qualified to comment. Is an interesting comparison though.
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- Ann: More Thick and High-Grade REE Results at Caralue Bluff
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Ann: More Thick and High-Grade REE Results at Caralue Bluff, page-12
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