First pass drilling at Hyden 14 holes report 37.14m average...

First pass drilling at Hyden 14 holes report 37.14m average mineralized clay intersection for average of 1130.36 ppm TREO, Size is (2,000m x 1,1000 x 37.14m) x 2.5 t = 185,700,000 tonnes (from surface).

AR3 by comparison has clay horizon of 2-3 m with 10 m of overburden. AR3 current JORC is 101Mt @ 818ppm. BUT have completed positive met tests. M24 is undertaking met tests so significant risk remains pending results. AR3 budgeted $1.2M first year and $2.8M for second year drilling spread over 10km x 3 km area. M24 drilling will be much cheaper because clay horizon averages 37.14 (and open at depth) compared with 2-3m, so number of holes required will be significantly less to get a bigger JORC.

AR3 EV on listing in 2021 was $21.21M for a JORC of 39.2Mt. Current JORC for M24 is around $4M. Bear markets create massive arbitrage opportunities for very significant wealth creation. Please do your own research. Good luck to all longs.