“The Mount Peake deposit itself is already a world-class strategic metals resource capable of underpinning a 20-year plus project,” Mr Burton said. “The discovery of these new areas, all of which require further drilling, shows that Mount Peake forms part of a much larger mineralised province with enormous resource upside. “Based on the geophysical signature and these results the zone discovered at East Target alone could be two or three times larger than Mount Peake,” he added. “While further exploration drilling in these areas will not be a priority given the large JORC resource base already established, they do provide a huge potential pipeline of future growth opportunities once we are in production and demonstrate the potential for the Mount Peake area to be a major source of strategic metals for many decades to come.” Paul E Burton
TNG Price at posting:
6.5¢ Sentiment: LT Buy Disclosure: Held
