There is a article in todays Australian business section around a raft of companies relating to EV/REE/Lithium and so on and how much potential upside there is in the space with surging demand - whilst IDA is not mentioned in the article I could not help but see parallels with LIN who were mentioned - parallels being
- LIN recently achieved a legal settlement (we are currently pursing one)
- LIN now focused on REE with solid potential (we are now expanding our REE all of which in on shore in Australia)
- LIN achieved 775% growth in last year in SP - hopefully we are poised to follow a similar pathway
Hopefully another example of the current undervalued nature of IDA (IMHO0
See extract below
1. LINDIAN RESOURCES (ASX:LIN)+755 per centLooking for: rare earths
The former bauxite explorer rerated heavily after reaching an out-of-court settlement over a protracted 2018 dispute for Kangankunde, one of the world’s largest REE projects outside China.A big 12,500m drilling program at the Malawi-based project recently kicked off with the first two holes pulling up grades up to 11.8 per cent TREO.The mineralisation is also very thick.Rare earths were reported over the entire length of the holes from surface, with both also ending in mineralisation.The holes will be extended with core drilling to find out how deep the deposit goes, the company says.Importantly, high value EV/wind turbine ingredient neodymium-praseodymium (NdPr) makes up 21 per cent of the TREO content.
(20min delay)