PEK 2.27% 21.5¢ peak rare earths limited

please explain

  1. 280 Posts.
    Could someone with intimate knowledge of REE mineralisation, perhaps with reference to LYC please explaing the following information taken from the latest PEK announcement?

    "This suggests the potential for as yet
    largely untested, primary REO mineralisation at
    Ngualla in addition to the alluvial and regolith
    hosted mineralisation identified to date."

    My understanding that there is likely a primary very high grade source of this REE mineralisation that is yet to be drilled into! Is this correct?

    Cheers
 
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