Far East Capital Weekly Commentary 15th Oct 2022

Link: WeeklyComm 15 October 2022 copy 2 (fareastcapital.com.au)

Below is an incomplete  extract. Read the complete article by Warwick Grogor via the link above.

"Lindian’s Kangankunde rare earths deposit will be many times larger As we are continuing to uncover more historical information on Kangakunde we are getting a better understanding of the potential size of the orebody. The historical figures refer to a non-JORC resource of about 2.4 Mt, but it is important to understand that this refers to the very high-grade mineralisation that is higher than 4% REO. We are dealing with something substantially bigger when you drop the grade. There is another style of mineralisation that grades in the order of 1% REO that hasn’t yet been mentioned. Both grade domains need to be considered in the light of modern day rare earth economics, 40 years after the work done by BRGM."


"Drilling is the next step Lindian is planning to commence the first modern drill program at Kangankunde in November, with 10,000m of RC and 2,500m of diamond drilling scheduled. This will be the first step in getting to the position of being able to calculate an Exploration Target, and then a JORC resource"


I am looking forward to Alistair Stephens progressive drilling updates in the weeks/months to follow.

The shareprice will soon recover. Stay strong fellow shareholders.