HIGHLIGHTS
47% increase in overall tonnes to 18.8Mt at 1.15% TREO (inc. 0.23% NdPr) + 0.14% Nb2O5
High-grade tonnes to 6.5Mt at 1.98% TREO (inc. 0.38% NdPr) + 0.21% Nb2O5
MaidenIndicatedResourceof11.1Mtat1.3%TREO(inc.0.27%NdPr)+0.17%Nb2O5
Potential by-product Niobium Resource reported for the first time
New geological model for the Cummins Range Rare Earths Project highlights the potential for high-grade depth extensions with the Main Fault structure open in all directions
Over 3,000m of Reverse Circulation drilling completed with first drill samples dispatched to the laboratory
Over 3,000m of diamond drilling planned for the next two months
First diamond drilling to be undertaken at the Cummins Range Project since 1982 targeting high-grade depth extensions in the primary zone
Two rigs operational at the brownfield Kincora JV project:
Deepest hole (TRDD022) completed to date at the Trundle Park prospect
TRDD022 provides the greatest ‘proof of concept’ support for the targeted Northparkes / Macquarie Arc style causative intrusive type complexes at Trundle
Extension of skarn mineralization zone to the north-east and north-west to over 500m total strike and open at the Trundle Park prospect
Drill testing ongoing:
eastern strike of shallow skarn copper and gold mineralization and associated porphyry intrusion at the Trundle Park prospect
wider Mordialloc prospect intrusive porphyry complex, including the Mordialloc North-East area
Advanced preparations to commence drilling this month at the Fairholme project
Well-funded with cash and investments of $7.7m at the end of the quarter