robin bromby comments on rare metal blog

Everyone likes the sound of the heavy end of the REE spectrum. Then you should like the sound of the latest quarterly from Krucible Metals (ASX:KRB) which reported a 65 per cent increase in the inferred resource at its Korella HREE-yttrium project in Queensland. The new JORC resource stands at 6.05 million tonnes at 0.92 kilograms per tonne of yttrium. Moreover, recent rock chip sampling from its nearby Yttro prospect (about 13km from Korella and which has never been drilled) returned 2.22kg per tonne of neodymium oxide, 0.66kg per tonne of praseodymium oxide, 1.96kg per tonne of yttrium oxide and 0.95kg per tonne of scandium oxide. (Just reminding readers that the REE at Korella overlays the company’s large phosphate deposit, so the existence of the two in the same spot clearly has implications for economies of scale.)

May explain today some interest and lift in the price......HOORAY!!