Ann: Outstanding Wide Rare Earths-Phosphate Intercepts, page-8

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Helvetet

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30/11/22

14:42

Post #: 65074588
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Originally posted by keepingitril: ↑

To my understanding, there has been (and continues to be?) some sort of long term view of the company eventually having more than one project. I think a criteria is preferably hard rock Carb type projects.

The most blindling obvious "easy win" here is to take back the hard rock / carbonatite RE rights from Cosmos for Byro East - "RareX initially applied on the basis of the tenure containing some of the highest and most consistent Rare Earth Element (REE) geochemical anomalies in the state as part of the GSWA dataset.The REE anomalies are proximal to a circular feature in the state-wide magnetics interpreted to be an intrusion, possibly a carbonatite." - https://wcsecure.weblink.com.au/pdf/REE/02282927.pdf . Or JV it or however it works. JR's been in the middle of a LOT of changed arrangements, there's no reason why this can't be one of them.

The other equally easy win is for REE to take any hard rock RE rights for a package of 4 tenements in the Tanami that Cosmos has coming up.

The Company continues to hold and maintain annual expenditure on "Weld North" (3 tenements), "Hong Kong" and "Mt Mansbridge" for reasons that I don't know and continue to make no sense.

Stepping back out a little, I am of the understanding that that Company has in the past and to date continues to explore possible new projects. Some of these have not come to fruition and some are still percolating but it's hard to get a lot of information. To my basic understanding there may be at least one project still hovering about that I would suggest to be potentially very significant. Might or might not share more on this in the future.

*
Changing subjects.

https://www.resourcesrisingstars.com.au/events/rrs-summer-series-webinar

Presentation tomorrow, 4:30pm Melbourne.

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That's an impressive thought, personally I doubt anything is coming back from Cosmos but perhaps a JV or partnership of sorts isn't too far fetched, or whatever benefits the directors perhaps?

"To my basic understanding there may be at least one project still hovering about that I would suggest to be potentially very significant. Might or might not share more on this in the future" Are you talking about a Kenyan thingy? I remember you had a thread about Kenyan RE prospects several months ago.

REE Price at posting: 5.1¢ Sentiment: None Disclosure: Held
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