hematite, page-71

I like to see LOI values around 7% ~ 10%.

A very close friend of mine actually asked the MD of Cazaly (Nathan McMahon) for his opinion on the UMC grab samples. His comment was along the lines - "the LOI values are excellent and they appear to have a very good project".

To tell you the truth, I rarely pay much attention to rock chips. Obviously, it is one of many measuring tools and has unique advantages to the overall potential of identifying a resource in that:

a) Rock chips are very cheap and easy to collect.
b) Don’t need heritage clearances etc....
c) Helps with identifying drill targets.