Strategically Located Asset: Sagon Resources Limited (SG1 or Sagon) is focused on developing its 100% owned Cummins Range Rare Earths Project located in Western Australia – a Tier 1 mining jurisdiction.
Significant Maiden JORC 2012 Resource: Sagon has declared a significant rare earths Mineral Resource estimate with an Inferred JORC Resource of 13Mt at 1.13% TREO.
Exploration Upside: Resource remains open at depth and along strike with no drilling since 2011. Drilling program to commence Q4 CY2019.
Superior Geology and Mineralogy: Weathered carbonatite (same as Mt Weld) with mineral expression from surface.
Low CAPEX Strategy: Strategy to sell a monazite concentrate to existing downstream refiners as China transitions to a net importer of rare earth material.