historic/PRE-JORC resource
Inferred Resource of 107,000 tonnes of Rare Earths Oxide (REO) at an average grade of 4.24% REO in 2.53 million tonnes of mineralisation,using a cut-off grade of 3.5% REO. The resource mineralisation commences on the surface and the deposit remains open at depth. The relatively low cut-off grade is justified by the demonstrated amenability of the ore to low cost gravity separation to produce a high grade concentrate. As prices increase,a lower cut-off grade may be applied; a 3% cut-off grade would increase the resource by 73,000 tonnes REO.”2, has been reported as "One of the world’s largest Rare Earth projects outside of China":
http://static1.squarespace.com/static/58a516a859cc689ad6303dc4/t/5b6c113a4ae237542f1ff1f6/1533808959217/Option+agreement+for+rare+earths+project+and+Capital+Raising_060818.pdf
http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=LIN&timeframe=D&period=M6
http://www.lindianresources.com.au/
