Even assuming they expand this drilling into something of...

Even assuming they expand this drilling into something of economic size/grade (unlikely), it's highly unlikely to be processed in LYC Kalgoorlie bene-plant for two reasons. LYC (and ILU Eneabba plant for that matter) are both processing monazite concentrates, where this Manna pegmatite is allanite/bastnaesite hosted RE. Second, LYC has a hundred years of RE plant feed at Mt Weld... why would they pay for someone else's plant feed when they are mining their own ore very cheap? Makes no sense right.

All this fuss over a single 1m @ 24% TREO, because the rest of hole152 11m @ 2.72% is mostly very low grade excluding the 1m @ 24%. That sample looks wrong on many levels, but even if the core is over half pure bastnaesite, it's going to get top-cut all the way back to not much. Very difficult to make money out of skinny RE-pegmatites that don't have size and cheap mining. best analogy is HAS/DRE Yangibana ironstone style of RE mineralisation.

Yangi is demonstrably not economic atm, maybe never, yet Yabgi ironstone monazite has 30-40% NdPr:TREO ratio, not 20% as here at Manna. That means 1% TREO at Manna is only worth 0.5% TREO at Yangi, because 90% of the payable REO is in the NdPr. Investors should divide the TREO grades at Manna in half, then compare against the thickness and tonnes at Yangi ironstone deposits to get an idea of the grade/thickness Gl1 will need to find. Manna will need to deliver 10-15Mt @ >2% TREO to be equivalent with HAS/DRE 1% TREO, which still isn;t enough for them to get funded. So if GL1 can deliver 10-15Mt @ 2-3% TREO and 20% NdPr ratio, then by piggybacking off a future lithium mine infrastructure and cheaper caepx/opex they are in with a chance.

GLTAH