IXR 0.00% 0.8¢ ionic rare earths limited

Resource Estimate Bingo, page-73

  1. 2,521 Posts.
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    Cheers mate, I have yet to do the calcs on A - E but have all the drill results. Will look into this shortly.
    Agree with the SG as an unknown precision and working backwards will help define those areas of interest. I note that some of the drilling was omitted from the MRE as (my take of this) the drill intercepts are widely spaced and some of them shallow as well. Probably not worth any further drilling in those areas as the BFS looms and funds needed in the right location. 315Mt is plenty to run with and could be further delineated once production commences. Same as the old L,M,N,O. probably just prove up a bit of that to retain the licence and again drill out once up and running. Not sure if more of MCZ requires drilling for "Measured" confidence or not? Perhaps this will come down to financiers obligations?
    Either way there is now a defined resource of clearly a mineable size at 315Mt so clears those cobwebs out of the way. Onwards we roll...
 
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