SUM Chart, page-1057

Webinar Summary Gower / Stewart...forgive me if I've doubled up as I'm playing catch up on posts.
For those who missed webinar quick precis below roughly main points.

Stewart

- Geologist (17yrs) spent last 10 years chasing pegmatites. Northern project Brazil was key starting point, found good grades on surface. He was able to work out in a couple of days in Equador the pegmatites were a large stack system. They’re zonal, kinda reminded him of some of the larger pegmatites he’d worked on previously. He figured out the enrichment zone extended 10-15m from contact points to the core.

- Multiple pegmatites run parallel along strike, lots of sampling – major feldspar, mica, columbite, tantalite, tourmeline, crystal base present. Cross cutting pegmatites run length of tenement. Very fertile system.

- Verified there are grade crystals 5mm to size of your arm high niobium / tantalum easily accessible for rock chips. High grade in rock chips? Yes. Global grade? Don’t know yet.

- 2 things 1. Volume? There’s plenty 2. Recovery what’s end concentrate going to look like? Next process to ascertain this? Stewart stated along the lines, “We’re pretty confident…if the selected samples as we call them were low grade we’d be looking at moving to different projects.”

- Next step TRENCHING regime along multiple areas along strike to expose all the pegmatites, BULK SAMPLE across entire width.

- SAMPLES fed into crush grind (either spiral or ‘table’ style separation program) and possibly parallel this in OZ plus lab in Brazil (Big mining infrastructure – can get quality work done in labs in Brazil, previously done with lithium, iron ore etc.). We have a pegmatite – concentrated large crystal in a small area rather than a homogenous cystal in large area. i.e. We don’t have to move large amounts of dirt to get high grade samples. Reduces cost!

- MOVING FORWARD – trenching, bulk sampling, lab test work then drilling purely to get a volume number. Add these together to calculate how many tonnes we need based on grade – establish how much $ we can sell the grade for? Niobium / Tantalum very high value.

Gower (Accountant CPA)…

- Target is 3-6 mths we can ascertain volume / quality of assets.

- Technology, simple visuals columbites (darker / heavier), crushing in spirals, companies in China who can separate products, also Germany, US etc.

- Next 6mths lots of news flows coming out.

- Results 2^nd announcement, team now looking for outcrop currently sampling extra 1km toward the bottom. So in a nut sampling over 4km multiple pegmatites across stack system. All to provide initial finding “wasn’t just a fluke”. i.e. that it’s spread out across a larger area.

- Timeline, permit easy to obtain (2-3 weeks) low environmental impact, windfarms, power, water, infrastructure in place, much easier in Brazil than elsewhere, trenching / sampling 2 mths, serious results by end year. Currently sampling, mapping in the mean time.