Introducing RareX’s major new system near Tropicana, Sunrise Dam and Mt Weld., page-15

Solid update today at https://www.you tube.com/watch?v=5FYY2Xq2Yjw [put the domain name together]

From 4:46:

"Red Dragon offers what some think is a IOCG potential. It's reasonably deep but incredibly large. We're going for government funding to support some deep drilling on that project. It's a little outside of our primary wheelhouse and when we've discovered what's actually down there, we'll make a decision strategically as to how to carry that project forwards. But super exciting, it is massive and it's reasonably deep and it could be IOCG."

Good.

Just a self-clarification from this quote. My investigationing isn't meant to rule out that maybe it's RE down there. JR picked it up because of the RE opportunities, St George (the former holder) thought it was RE (and found some on the edges) before they wavered as they were giving up the region (thinking it might be gold) and some of the above mapping does suggest the possibility of carbonatites.

Here's something about IOCG - https://www.ga.gov.au/data-pubs/data-and-publications-search/publications/critical-commodities-for-a-high-tech-world/iron-oxide-copper-gold

"Iron oxide copper-gold (IOCG) deposits (Hitzman et al., 1992) are a diverse family of mineral deposits characterised by the following features: (1) Cu with or without Au, as economic metals, (2) hydrothermal ore styles and strong structural controls, (3) abundant magnetite and/or hematite, (4) Fe oxides with Fe/Ti greater than those in most igneous rocks, and (5) no clear spatial associations with igneous intrusions as, for example, displayed by porphyry and skarn ore deposits (Williams et al., 2005). In addition, most IOCG deposits display a broad space-time association with batholithic granitoids, occur in crustal settings with very extensive and commonly pervasive alkali metasomatism, and many are enriched in a distinctive, geochemically diverse suite of minor elements including various combinations of U, REE, F, P, Mo, Ag, Ba, Co, Ni and As (Williams et al., 2005). Many of these minor elements are also critical commodities in the context of the present study."

Whatever is or isn't down there, this is a good approach. Stick a bunch of holes in it - lots, please, across all the areas - and see what you find. Assess and decide next steps. If it's something, it would be nice if the company could hold onto it and progress it but we'll see.