Ann: Remarkable REE Drill Results Outside Caldeira Resource, page-50

Quite the deep high grade that hole from 61m, and quite an outlier being beneath 52m of laterite also. I'm still waiting for more met work on all this deeper drilling, to go beyond the sporadic and relatively shallow comps previously released. Are all the deep 'transitional' clays where REE sometimes re-appear in high grade actually ionic for extraction by salt leach or not?

That 52m interval has 21% MREO/TREO ratio vs 24% for the MRE, and Dy/TREO 0.86% vs 0.95% for the MRE.... all very the same, which is good news (similar ratios indicate hopefully similar ionic clay REE right).

Grades are very high, which isn't similar, which is a bad thing maybe because it might just reflect primary RE minerals vs ionic remobilisation? All very exciting if the met works out and this hole isn;t just down the throat of a skinny, deeply weathered structure...

GLTAH