Forge Resources ASX release 16th March 2011I quote"The key...

Forge Resources ASX release 16th March 2011
I quote
"The key resources of focus for Forge are Niobium within the Crown deposit and Phosphate (P2O5) within the Swan deposit."

The Crown deposit contains an indicated and inferred JORC complaint Rare metals resource of 37.7 Mtonnes containing 1.07% Niobium Oxide. The deposit also contains 4.0% Titanium Oxide, 11.3% Alumina and 42.8% Iron Oxide as reported in the 2004 Lynas report.

The Swan deposit contains an indicated and inferred JORC compliant resource of 77 Mtonnes of 13.5% P2O5 (cut of grade > 10%). This area partially overlaps with the Niobium resource. Approximately 28 Mtonnes of this resource is above 10% P2O5 at a grade of 14.2% but contains < 5000 ppm Niobium Oxide and is additional to the Crown Deposit.

The Swan deposit has low Niobium mineralisation with elevated rare earths 1.16% Rare earth oxides (TReO+Y).
The resource totals 13.7Mtonnes of 6.4% P2O5(Phosphate),1.5% TReO+Y, 166ppm (Ta2O5) Tantalum, 3762ppm (Nb2O5 ) Niobium Oxide.

Would anyone like to calculate the Phosphate, Niobium and Tantalum value in the Crown and Swan deposits based on current market prices.We may then be able to estimate a value for these deposits.

Crown and Swan require further exploration and drilling for a clearer picture to emerge of the true nature of this part of the Mt Weld tenement.I my opinion there is no rationale argument for divesting these assets to Forge Resources.
DYOR



regards



jukieoz836