Met results can be garnered from the assays. Recovery rate and a resource estimate are two discrete things. You can have 500MT of niobium at 10% for all you like, and it'll be useless if the recovery rate is low from high strip ratio or deleterious materials. One does not necessarily follow the other.
Met results can come out before or after the MRE. As you see on our assay maps/figures, we have systematically drilled out the known constraints of the carbonatite. It would make sense for the MET results to come out after we have the assays back from the south eastern corner of Luni as well, so that data can be collected from all areas of the known mineralisation. Or perhaps not? really depends what management thinks fit. The MRE is meant to come out after all assays are received, met studies necessarily don't. I wouldn't be surprised to see the study come out before/close to the MRE.
WA1 Price at posting:
$11.61 Sentiment: Buy Disclosure: Held
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