question

Hi,
I'm not a geo. and don't have an in-depth knowledge of rare earth ore bodies and their occurrence.

I recently attended the ARU roadshow, and AS stated that at Nolans they are currently (or about to start) a sterilisation drilling program in order to find the limit of the REE ore body and where, as TCG would say "hopefully find a place to put the dunny".

My question has to do with the phosphate part of the ore body. Is it likely that once they have found the edge of the REE mineralisation, that the phosphate occurrence would continue to any significant extent?

ie. can they further mine and concentrate the phosphate ore, which I imagine would be much cheaper and simpler without REE presence, in order to add to further revenue streams via a phosphate product.

from a quick review of MAKs resource, they seem to have a huge deposit of ~14% phosphate, which they will conc. to the commercial standard of ~30% and sell on market. ARU's phosphate content is ~14%, and they could do similar things to MAK. Possibley ARU could be sitting on a huge phosphate deposit that can be cheaply and easily turnt into cash.

Looks like a very bright future for REEs and possibly a bright future for phosphates.

I hope you can understand my blatherings.

choice