Just to add, here is an important excerpt from today's DRE's announcement (see link below), which clearly outlines the potential very positive implications for DRE, HAS and FNT (see Figure 2 in DRE's announcement i.e. "Image showing the location of the five carbonatite intrusions in relation to known REE bearing ironstone dykes").
"Dreadnought’s Managing Director, Dean Tuck, commented: “For 30 years people have been searching for the ultimate source of the numerous carbonatite dykes and sills associated with the Gifford Creek Carbonatite Complex. With the acquisition by Dreadnought of modern, high resolution magnetic data, those carbonatite intrusions may have been located. Carbonatites are known within Australia and globally to form significant deposits of REE (ex. Mt Weld – Lynas Corporation, Nolan’s Bore – Arafura Resources, Mountain Pass – MP Minerals). The identification of large carbonatite intrusives could be significant for the region and we look forward to receiving rock chip assay results and then drilling the carbonatites along with Yin in March 2022."
IMHO, today's news from DRE (as well as that from FNT) could eventually mean that the entire Yangibana area (DRE/HAS/FNT) could end up being one huge world-class REE producing region. This would be a huge win for all three companies, their shareholders, as well as for the Australian economy.
Most importantly, given the potentially huge size of this area, a mine would probably have a life of 30 years plus. Therefore, obtaining project financing would be a breeze.
The plot, (or the carbonatite resource?) thickens.
Cheers.
HAS Price at posting:
25.5¢ Sentiment: Hold Disclosure: Not Held
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