Just re-read ENR’s announcement in details. Results were not bad at all. At this stage it is not comparable to WA1 but to get 1% over 34m in a first pass hit, is itself impressive.
When WA1 has their results from the maiden drill holes at Luni and P2, they returned the following results:
54m at 0.62% Nb2O5, 0.18% TREO at P2 and
24m at 0.82% Nb2O5, 0.21% TREO at Luni.
Of course, a lot more drillings need to be done to prove this up as an economic resource, but I find it hard to see this as anything negative at all. Not comparable to WA1’s results now, but definitely better than WA1’s first pass discovery drilling, if you compare apple to apple.
Just re-read ENR’s announcement in details. Results were not bad...
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