"Suggest looking at the geophysics characteristics and the likelihood of either a large magnetite IOCG deposit or carbonatite Nb-REE deposit"
No, this is misleading statement, imo
it could be neither of both, the geophysics characteristics are not sufficient enough to tell if it's either IOCG or Nb-REE, but if they have done surface sampling and not rushed for drilling then they would have better idea what they are drilling for, I'm not a geo, but this is what I got/learn from the research, maybe someone with more experience can explain this better?
what you said ..."either...." it sounds like if it's not a Nb-REE then it will be a IOCG deposit.
RCR chart, page-396
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