47% increase in overall tonnes to 18.8Mt and maiden 11.1Mt Indicated Resource confirms that Cummins Range is a high-quality deposit with potential to underpin a long-life rare earths business
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
Maiden Indicated Resource of 11.1Mt at 1.3% TREO (inc. 0.27% NdPr) + 0.17% Nb2O5
Potential by-product Niobium Resource reported for the first time
Deposit open in multiple directions – both down-dip and along strike
Major new 6,000m growth drill program well underway with RC drilling completed and diamond drilling set to begin shortly
First drill samples dispatched to the laboratory