in ground value of $750 million

The Brockman project is situated in the east Kimberley district approximately 18km southeast of Halls Creek and covers 20 square kilometres held by Aztec Resources Ltd. The Duncan Highway is a graded gravel road extending from Halls Creek and passes within 5km of the target area of the project.


This world class project comprises measured indicated and inferred resources (non JORC / JORC compliant now) of approximately 50 million tonnes at 4,400ppm Nb2O5, 270ppm Ta2O5, 1240ppm Y2O3, 110ppm Ga, 350ppm HfO2, 900ppm REE and 1.03% ZrO2.

Open pitable resources (non JORC / JORC compliant now) to 70 metres depth were estimated to be 4.29 million tonnes at average grades of 270ppm Ta2O5 is and 4,400ppm Nb2O5 with an estimated stripping ratio of 4:1.

The resource is open along strike and at depth. Based on current world market prices for tantalum, niobium and yttrium oxides in concentrate the open pitable resource has an in ground value of $750 million. This value does not include the REE and Zirconia.

Source:
Tantalum/Niobium Project Acquisitions -Gascoyne & Kimbereley WATantallum Australia Tantalum/Niobium Proj Acquisitions -Gascoyne & Kimbereley WA 23.3.2003


The project is now called "Hastings Rare Metals and Heavy Rare Earths Project " and is compliant with JORC.

AUJ = Acquisition of Rare Earths and Rare Metals Project - 7.12.2010


I like the proximity to existing public roads and infrastructure and the low strip ratios.

the $750M? well, March will open a new chapter when drilling starts.

judging by the old WAMEX records - this is a gem (IMO).