Today's drill results are truly exceptional and world class. When searching for an REE mine to invest in it was clear that the grades at LYC were multiples higher than the other REEs listed on ASX. Today's drill results confirm that we hold a large depisit of almost continouos ore. The average appears to be around 10m wide at 10% grade. Numerous patches have grades above 12%. Several are in the 15-20% range!! Even if REE prices halve, we are talking serious margins. Yet the other mines/deposits have an average grade of 2 - 3%. It's chalk and cheese stuff. Our deposit is so uniform only 7 holes from 153 are below 2.5%!! Speaks for itself.
putting things in perspective
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