I've got to say this result is very disappointing but it's grass roots exploration so there are lots of these before anything good comes along. I was hoping for better grades on the carbonatite rims. Management hoping for something that even slightly resembles Mt weld. Mt Welds average TREO is over 5%. We have an average well below 0.4% and we are down on NdPr for some reason. The phoshate is no help either at 1%. Nolan Bore has TREO over 2.5% and from memory about 10% Phosphate. We obviously have not got the right carbonatites. The remainder drill intercepts are not much better and heaps of holes drilled without intercepts. Makes me wonder what the geo managing the drilling was doing when the drills were obviously not intercepting the target.
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I've got to say this result is very disappointing but it's grass...
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