Sections & the opportunity

Have some time so plotted up some drills and figured punters might be interested as hopefully the company can address some of the developmental risks

Risk vs opportunity, ideally skewed to the latter for investments to appreciate.

Risks have been highlighted and discussed in other threads (right now, too high for me to invest, but that can change) so lets check out the opportunity in a constructive manner:

650ish by 220 by 200m deep is the main area for now? Average specific gravity of 2ish and given the shape gets you aroughly 25mt at a suck of the thumb, lines up with the Itafos website which says "21.9Mt at 4.0% TREO and 0.6% Nb2O5"

Grades are obviously very good

So what's the potential to increase?

Looking quickly I think depth extensions in the eastern zone drills are the most likely candidate for increasing tonnages and a little out to the west. Shallow mineralisation to the north also an easy target.. Lets try to unpack:

The SGQ company section goes to FSO4A as the far east side of section (Figure 2 in ann) but there are other holes there slightly off section AAX-DD-031 which was drilled to 60m appears to have hit 0.6% Nb across 10-60m ending in mineralisation - would be a great zone to follow up



Plot below shows a 0.5% Nb2O5 cutoff looking north i.e. E-W section same as above but zoomed out, holes 4A and 040 in the SGQ section above arrowed. The hole far right 9XVL9 is outside the boundary, but based on this the >0.5% Nb appears to be continuing that direction albeit thinning, it'd be very keen to see depth extension of DD-031arrowed:



This one is looking east, so the company boundary would be the RHS of image, potential here for more shallow tonnages = north? i.e. around FS05A all the way to AAX-DD-060 so maybe another 200ish meters of shallow lower grade stuff here and width at least that

and with 1% cutoff as announced looking east (boundary at RHS):



So could potentially, quite cheaply, increase tonnages maybe by 200x200x whatever depth to the north, plus some depth extensions in the main zone

Maybe get to 30mt @ 1% relatively easily with a 0.5% Nb cutoff?? (with sgq at a ~50Mish valuation)
WA1 is around 200mt @1% (~1Bish valuation)

Definite upside potential from a pure explration perspective (ignoring developmental risk) though would need partnership with CMBB to dig a pit at the boundary

Anyone else got some views as to upside potential?

Full batch of holes shown. not sure how clear the DH numbers will be:


And without satellite with scale bar so you can get an idea: