Drilling planned
A diamond drilling program is now planned for Grønnedal to test the ferro-carbonatite exploration target together with detailed geological mapping and petrological studies aimed at better understanding controls on rare earth element (REE) mineralisation.
The grade range for the exploration target comprises a notable proportion of magnet REEs, which has the potential to be competitive with other REE projects.
The mineral resource at Grønnedal extends from surface to a depth of only 9.5 metres, representing 80,000 tonnes per vertical metre (TVM).
The resource, which remains open in all directions, represents a small fraction of a large carbonatite intrusive that has been drill-tested.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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