Yes, there is clay at Ngualla and according to one of co's 2/11 anns also iron rich saprolite. That ann says they both host our REEs. But this clay is, I am sure, not the ion-adsorption clay that hosts HREEs. If it were, then we would have a healthy percentage of HREEs. However, we only have a very small percentage and similar to Lynas and Arafura - Molycorp too.
I don' know what sort of clay we have, but I am sure it has nothing to do with our REEs. I might make drilling easier, but that is all i would guess.
What we have is bastnasite and which the same Co ann says "is the main RE mineral present"at Ngualla. This is well documented. And hey, I repeat , this is good as it means low thorium and uranium.
Shady
PEK Price at posting:
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