"The other issue facing those with potential in REE and Li is...

"The other issue facing those with potential in REE and Li is that it feels atm, as if every exploration company now has a finger in these metals and the announcements are all getting lost. Clearly they all can't be winners."


Yes, you make a good point, Maccadu.

What sets G88 apart from the mob, however, was I think ably argued by our MD in Wednesday's Announcement:

Golden Mile can differentiate itself from most other REE explorers in that the Quicksilver project is a multi-commodity deposit with nickel and cobalt as the current main economic drivers following excellent Stage 2 metallurgical results last year which demonstrated a potential pathway to production. This means that if the REE mineralisation is viable it will be in addition to these commodities (a by-product) which will be a significant economic benefit when compared to an REE only project.

Jordan went on:

Furthermore, the cost and time of ongoing investigations into the viability of the REE mineralisation can also be significantly reduced because there is existing resource drilling which can be re-assayed for REO. Also, any metallurgical testwork and subsequent flowsheet design can be incorporated into the Stage 3 metallurgical testwork scheduled to commence late next month.

Those are compelling arguments, in my view.

Many of the other REE hopefuls will spend a lot of money just to get where we (largely by chance, and at breakneck speed) already find ourselves. And then almost indubitably fall by the wayside, yesterday's opportunistic brain bubble unable to justify a stand-alone operation.

We find ourselves in an extremely plausible setting for ionic REEs, with bulk pulp samples already held in storage for assay - indeed, with results already having come in from the first 29 samples, "demonstrating significant REE mineralisation potential at Quicksilver".

And still without putting any fresh drill-bit to the ground, with a further 99 samples pending results.

But the best of it is, of course, that we've caught the potential early enough for REE by-products to be incorporated, if warranted, into the process flowsheet which is currently being developed for nickel, cobalt, chromium, iron, and industrial minerals at Quicksilver.