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Sorry this was meant to read as seriously do you not pay...

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aceagles

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27/05/22

12:46

Post #: 61660871
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Originally posted by aceagles: ↑

Seriously do you not pay attention mate, they already know the resource is there and in abundance and that the project would be commercially viable.
To do that what they need to continue to prove is that it’s easily recoverable using very mild methods, that it’s the right type of deposit, more clay type than rock and that it’s of continual high grade, from memory at least 700 ppm & that they have a high grade somewhat shallower deposit, somewhere in the remaining 98% of their largely unexplored tenement. All of their previous samples which were indicative of most of these factors was recovered from their previous nickel copper drill cores from a number of years ago which did not target rare earths.
This drilling program is specifically targeting rare earths which they basically know exist just from observations and from other companies finds adjacent to them which appear to run straight through the area. It’s a matter of how much do they have, at what grades, how shallow or deep most of it is and how much is easily recoverable when processed and how high the recovered grade is and whether the types of really valuable rare earths are the ones that predominantly exist.
All of this will take time, I expect we could see lab samples results tomorrow or any time in the next month to 6 weeks from now then once the first lot of samples have come through they would no doubt be sending them in on a regular basis as the drill program expands and proceeds and you’ll likely get more regular updates then.
Until then it is absolutely useless and entirely pointless wasting time updating anything without further info i.e. new lab sampling results so until they get those back it’s highly unlikely that there will be any updates and as quite a few of us on here have repeatedly explained no one knows how long the labs will take because they’re all inundated with work.

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Sorry this was meant to read as seriously do you not pay attention mate, they already know the resource is there and in abundance and that the project could (not would) be potentially commercially viable

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Sorry this was meant to read as seriously do you not pay...

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Sorry this was meant to read as seriously do you not pay...

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