I listened in to this (missed the start but heard the companies talk). MRD's David Cook (Technical Consultant) basically held the torch for all the Esperance Companies. He highlighted the benefits of the Esperance plays and also specifically for MRD. What he said is relevant for OD6.
- Esperance: a group of big brains - mentions Brett - have identified that rare earths were in the area.
- MRD were the first movers, pegged over 3000km2. Now Esperance has over 26,000km pegged.
- MRD have deliberately stayed away from fertile land (canola fields).
- So far MRD have drilled 36,000m and each result improved on the previous.
- MRD are finding big grades (eg 40m of over 4000pppm) which are big grades for Clay (nb So are OD6!) and are mineralised top to bottom. Has good amounts of Yittrium.
- He believes if it's big enough, then you'll get it right.
I'll paraphrase now: there are billions of tonnes on the Esperance packages with great grades. That sets the companies up to find the right economics. These plays are not like the other companies reporting small intercepts with ppm less than 1000.
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