These results back in May catapulted MTM's SP to over 20cps.What will anticipated imminent results offer.
Could be huge/massive from here, where last weeks trading ended up over selling and dumping the SP to it's lowest point.
At $3.5 mil MC and only 98mil SOI, it's got every chance of being a major runner on next results.
DRILLING CONFIRMS FURTHER RARE EARTH ELEMENT
MINERALISATION AND INCREASED POTENTIAL AT EAST
LAVERTON
Highlights:
Drilling results confirm that the broad REE mineralisation at the Pt Kidman
prospect extends far beyond previously known zones.
Higher grade drilling intersections include:
o 29m @ 1,667ppm TREO
o 29m @ 2,116ppm TREO
o 12m @ 2,564ppm TREO
o 11m @ 2,753ppm TREO
o 4m @ 3,400ppm TREO inc. 1m @ 8,752ppm TREO
Mineralised envelopes with drill intercepts exceeding 1,000ppm TREO now
identified over approximately 12km2
Mineralisation contains a significant proportion of valuable heavy, magnet
and critical rare earth oxides over thick intervals up to 29m, including:
o High value Nd+Pr oxides represent an average of 19.5% of TREO grade
o High value magnet rare earth oxides represent an average 24.4% of TREO
grade
o Critical rare earth oxides (CREO) average 21.7% of TREO grade
o Heavy rare earth oxides represent an average of 11.4% of TREO grade
Drilling confirms continuity of clay-hosted mineralisation over large areas
Large areas still remain untested and are interpreted to be prospective for
similar mineralisation occurrences
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