Iron-oxide-copper-gold (IOCG) and Carbonatite related rare earth...

Iron-oxide-copper-gold (IOCG) and Carbonatite related rare earth or copper deposits can often be of enormous economic significance. Examples include the giant Olympic Dam and Phalabowra deposits. Carbonatites can be a source of a wide range of economic mineral deposits including rare-earth-elements, uranium and base metals. Western Australia is host to a number of carbonatites including the Cummins Range and Mt Weld carbonatites.

Eyre, Australia (E69/2369, Base Metals, Rare Earths, Uranium, GMM 100%)

GMM is targeting two distinct magnetic and gravity features which may relate to an iron-carbonatite, IOCG or a mafic intrusive. These prospects occur along a major lineament interpreted as a large splay fault off the Mundrabilla Fault. At the Eyre prospect, a ground magnetic survey conducted by the Company revealed a large distinct elliptical magnetic anomaly with a 700 nT magnetic high. This magnetic high is approximately 8km in diameter with an interpreted depth to magnetic source of approximately 580m. The presence of an alkaline environment, confirmed by nearby oil wells and Government water bores at a depth of 400m, confirms the prospectivity for carbonatite or IOCG related mineralisation. Teck Cominco is also targeting the region for IOCG mineralisation. The Eyre project is is located on Crown Land and Pastoral Leases with easy access from the Nullarbor Highway. The project is ready to drill.

I am not sure whether GMM has a plan to test REE potential in its 100% Eyre tenement E69/2369.

The recent announcements are also indicating GMM is in discussion with some Mongolian Coal projects, not like CEO, GMM doesnot needs a agent.

Good luck!

Whatever the SP in last few days, SP must be well above 25c when the potash drilling commence.