re: Ann: New Information on Killi Killi REE P...
The report indicates that there's some strontium in the tenement. There are also traces of other rare earth metals: my conclusion is that other rare earths are unspecified because the traces are too small to be significant. The rare earths appear to derive from some granite (thermal) rocks to the East. Some of the rare earths have, over time, been carried by water (hydro) to the area where samples were taken. The granite rocks are outside ORM's tenement, therefore, should they contain significant REE's ORM will need to apply for an extension of its permit to include the rocks.
In summary there's some strontium which Metallica, for example, has in abundance and traces of other REE's. If the granite is a store of significant other REE's and ORM can obtain the appropriate lease ORM will be in clover. It's a big if at this stage.
ORM Price at posting:
9.2¢ Sentiment: None Disclosure: Held
