An initial lithological and drill update in the next couple of weeks would tell us if carbonatites were intersected which would give us a good indication of Nb-REE potential. They may also tell us if we are expecting IOCG mineralisation depending on whether we get haematite iron oxide gold or magnetite iron oxide gold. Looking at the overlapping gravity and magnetic geophysics targets, imo we are either looking at carbonatite Nb-REE or magnetite IOCG.
RCR Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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