As usual the devil is in the detail. A reasonable amount of data...

As usual the devil is in the detail. A reasonable amount of data available but still very much a work in progress with some speculations below. PS enough for tonight or I am going to be in trouble from the boss. If not already.

I draw your attention to Figure 1 in ENR report on 7 August 2023.

The RC drilling done (figure 1) shows that there is carbonatite thickening heading to the west from Hoschke It is Open to the west of Hoshcke. How far and wide to be checked. and also east from HoschkeDefinitely some thickening to the East somewhere between Holes 1 and 7 (details to be checked/confirmed this year) up to and just beyond EAL008towards Crean along the Elephant Island Fault, and that this is carbonatite thickening is getting getting thicker heading towards Hurley2023 RC east of EAL007 and west of Hurley has not had any significant assays, or mention of carbonatite, suggesting there may be a gap between Crean East and Hurley.

Simplified GE plan of drilling Hoschke to Crean East.


Red are SCHEMATIC LOCATIONS of carbonatite. Purple Lamprophyre intrusion with numerous dykes mentioned in Holes 5-7 hinting at a genetic relationship with carbonatite.
Yellow a schematic envelop of carbonatite (reported present in Holes 1, 7, 8 18 and 19B sections and assays). 93,92 & 91 (?locations) are mentioned to have fenite alteration which is commonly marginal to carbonatites. 93, not surprisingly (if location is accurate), has some low grade.
Reported RC drilling with the cutoff above 0.1% Nb2O5. Not mentioned does not mean not carbonatite but IMO likely to be country rock or only fenite altered below cutoff.

Left EAL114 on image to show complete listing from this 29/1/2024 report.

In the report on 25 July 2023, it is mentioned that carbonatite was open in all directions at EAL007. Drilling since that report. Mentioned above

EAL007 assay results are given on 6 Sept 2023. These results are so similar I am really very impressed by what was found. Are you? Yes they are good (Caveat they need good supporting extensional results). As I posted above they compare very well to WA1's initial 2022 assays. I reworked those figures in this post on an RCR thread. Simple addition of %m (grade x intersection in m) allows for a POSSIBLE COMPARISON of results. Not great but I would be interested to see how ENR's results are considered poor when getting close to comparing apples with apples on the basis of wide spaced initial drilling that has yet to be followed up.

There are a cluster of 4 legitimate targets from McIllroy to Hurley in the Falcon gravity survey (24 April 2024) Gravity base McIlroy, Macklin, Hurley(weak), Crabeater and Leopard are NOT prominent gravity targets.


Magnetics.
Elephant Island fault shows up with some atypical magnets to the north of Hoschke area. McIlroy perhaps an intersection of Elephant I and Endurance? faults. Macklin?



ENR has mentioned on 7Aug 2023 that “EAL008 has intersected a thicker zone of Niobium REE in carbonatite. This carbonatite is becoming thicker and more coarse grained in EAL007 ( located 1.5km east ) indicating EAL007 is closer to the core of the large Niobium REE mineral system. Typical comment which needs drill testing and many studies to prove. Basic facts are accurate though the inferences do not necessarily follow. They can and rarely for the better.

In addition, a preliminary mineralogical assessment on a sample from EAL008 has confirmed that the main Niobium bearing mineral identified in the carbonatite is interpreted to be coarse grain pyrochlore.The coarse grain size could be advantageous for metallurgical separation.” Don't have much info on the mineralisation. Pyrochlore is the main host but there may be mineralogical variations especially in the residual and fresh portions of bodies like Araxa where more detail information will be available. May look over the weekend.

I note that that carbonatite was open west of Hoschke and east of Crean along the Elephant Island Fault. It was also open in all directions at Crean. See above

As ENR put it on 25 July 2023, “ it is still very early days but the success rate from the small number of holes drilled in West Arunta is quite extraordinary and bodes well for the future drill program at Aileron” Very true. Can go either way with these being the only successes or a further string of prospects with Nb, REE or even an IOCG or two.

It was after a careful reading of ENR's announcements and announcements from the other hopefuls that I decided to invest in ENR. I am just sharing my thought processes here. Thanks for the framework to give some thoughts.

Q1: Any comments on all this? See above

Q2: Is the Niobium in Luni also in pyrochlore or is it in something else. Will do some research over weekend? Vaguely recall Pyrochlore being mentioned, Would be surprised if it isn't a major potential economic component at Luni.