Highly unlikely the company will provide any further details from their Down Hole EM survey, they will just start drilling into the Nickel Copper PGE conductors at DIngo Pass as soon as possible, as per their last ASX announcement.
If a discovery is made, they will either enter a Trading Halt and announce it, or announce pre market open.
They should have either already started drilling at Dingo, or will shortly.
Until then we have 265 drill holes ~11,800metres of Rare Earth drilling results expected to start flowing at any time.
Confirmation that the thick (up to 80metres thick) High Grade, High Recovery REEs run for 20km strike length x 3km-5km wide (60sq km to 100sq kms) would see a significant rerate for DM1 like we saw when this announcement was made in late August 2022.
As per their last announcement, the XRF machine did pickup Rare Earths across the 20km strike length, the only question now is the Grade and Recoveries.
Rare-Earth-System-Emerging-at-Innouendy.pdf (desertmetals.com.au)
Just to visualise what 20km of REE strike looks like...
With the Australian Federal Govt's $2Billion Critical Minerals fund at hand to pay for the Capex for a REE mine for DM1.
And Western Australian Govt's strong support for mining, we are in for an exciting time in the coming days and weeks with DM1....GLTA
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Ann: Rare Earth System Emerging at Innouendy, page-93
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