I am not sure if people are aware that Godolphin have just produced a maiden resource for rare earths
https://hotcopper.com.au/threads/ann-maiden-narraburra-mineral-resource-announcement.7338004/#post-67348952
Major Increase to Mineral Resource Estimate and Resource Upgrade Highlights
Narraburra as a Rare Earth Project of National & International Significance
• Maiden (JORC 2012) Mineral Resource Estimate completed for Narraburra Rare Earth Element
Project of 94.9Mt @ 739ppm TREO1
, including a high grade core of:
20Mt @ 1,079ppm TREO using a 600ppm cutoff within the Indicated Resource
• Significant improvements to the Narraburra Mineral Resource Estimate include:
126% uplift to TREO grade
Indicated Resource now at 50%, not defined previously
30% increase to tonnage from previous JORC 2004 Mineral Resource Estimate
(“MRE”)
• Considerable increase in grade and size highlights Project potential and GRL’s opportunity to
unlock value through ongoing exploration and Project development
• High grade core to the MRE, provides focus for scoping study to evaluate potential for mining and
processing material greater then 1000ppm TREO
• Mineralisation remains open in multiple directions – Excellent exploration potential
• Mineralogical characterisation by ANSTO almost complete – results expected in Q2 CY2023
• Expedited and expanded metallurgical test work program to commence in Q3 will provide a
better understanding of Narraburra’s REE and Rare Metals composition and potential processing
pathways leading into the commencement of Scoping Studies later in 2023
Rare Earths, page-3
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