REG - Cobra Resources PLC - Boland Re-Assay Results
30/05/2024 07:00
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RNS Number : 3512Q Cobra Resources PLC 30 May 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET
ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE
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30 May 2024
Cobra Resources plc
("Cobra" or the "Company")
Boland Re-Assay Results
Further demonstrating scale of ionic mineralisation amenable to ISR
Cobra (https://cobraplc.com/) (LSE: COBR)
(https://www.londonstockexchange.com/stock/COBR/cobra-resources-plc/company-page)
, an exploration company advancing a strategy to lower the cost of critical
rare earth production at its Wudinna Project in South Australia, is pleased to
announce re-assay results from a further 195 samples (17 drillholes) which
continue to support ionic rare earth mineralisation continuity and scalability
at the Boland discovery.
Metallurgical testing aimed at demonstrating the suitability for in situ
recovery ("ISR") mining - a low cost, low-disturbance method - is advancing
with full results expected in June 2024. The opportunity for Cobra is to
demonstrate Boland as the world's only ionic clay rare earth project amenable
to controlled ISR in a region which already utilises the ISR extraction method
at a number of operating mines. The Company aims to achieve this through
benchscale studies currently underway, followed by an infield pilot study.
Boland Re-Assay Results Highlights
· Scale - results extend the defined rare earth mineralisation
footprint to over 33 km(2), with mineralisation being open in multiple
directions along the palaeochannel, supporting the Company's interpretation
that lithologies hosting ionic mineralisation extend up to 139 km(2) of the
Narlaby system at the Boland prospect alone. Re-assay results have refined
targeting for upcoming resource focused drilling
· High grade intersections - 10 holes recorded 2m downhole composites
exceeding 1,000 ppm Total Rare Earth Oxide ("TREO"), where composites yield
heavy rare earth ("HREO") enrichment up to 40% of the TREO
· ISR - the unique geology at Boland enables ISR as a preferred mining
method. ISR is demonstrated by the uranium industry to be the lowest cost form
of mining with the lowest associated environmental risk. Bench-scale tests are
currently underway at ANSTO and, if initial AMSUL wash recoveries can be
emulated under ISR conditions, Boland will be demonstrated as globally unique,
being the only ionic clay project amenable to controlled ISR
· Further results pending - a further 674 samples from 25 drillholes
have been taken across the Yarranna SE Uranium prospect, where a >4km
uranium bearing rollfront has been defined by previous explorers. Samples are
being analysed for REEs and uranium and will inform native title and approval
requirements for follow-up drilling
Rupert Verco, CEO of Cobra, commented:
"Boland is shaping up to be a company-making project (See Appendix 1). Whilst
scale and ionic metallurgy are important, it is the amenability of Boland's
geology to ISR that has the ability to make it unique and commercially
competitive. The uranium industry has already demonstrated that ISR mining can
be effectively deployed in South Australian palaeochannel systems, where
capital, operational and environmental costs are materially reduced compared
to hard rock mines.
Through re-assaying (See Appendix 2), we have cost effectively defined scale
and de-risked planned resource focused drilling where we can target
demonstrated mineralisation and execute follow-up drilling to deliver a maiden
resource at Boland.
We are well positioned to capitalise on our first-in-market advantage. Results
from our initial bench-scale ISR trials are expected in June (See Appendix 3),
where subsequent tests will inform an infield pilot test, and we have already
installed the wellfield infrastructure which we aim to implement in 2025.
Through this strategy, we aim to demonstrate that via ISR, the cost of
extraction is materially lower and profitable at current rare earth market
prices."
Further information on Cobra's Boland rare earth discovery, re-assay results,
and benchscale ISR tests follows in the appendices below.
Enquiries:
Cobra Resources plc via Vigo Consulting
Rupert Verco (Australia) +44 (0)20 7390 0234
Dan Maling (UK)
SI Capital Limited (Joint Broker) +44 (0)1483 413 500
Nick Emerson
Sam Lomanto
Global Investment Strategy (Joint Broker) +44 (0)20 7048 9437
James Sheehan james.sheehan@gisukltd.com
Vigo Consulting (Financial Public Relations) +44 (0)20 7390 0234
Ben Simons cobra@vigoconsulting.com
Kendall Hill
The person who arranged for the release of this announcement was Rupert Verco,
Managing Director of the Company.
Information in this announcement relates to exploration results that have been
reported in the following announcements:
· Wudinna Project Update: "Re-Assay Results Confirm High Grades Over
Exceptional Scale at Boland", dated 26 April 2024
· Wudinna Project Update: "Drilling results from Boland Prospect",
dated 25 March 2024
· Wudinna Project Update: "Historical Drillhole Re-Assay Results",
dated 27 February 2024
· Wudinna Project Update: "Ionic Rare Earth Mineralisation at Boland
Prospect", dated 11 September 2023
· Wudinna Project Update: "Exceptional REE Results Defined at Boland",
dated 20 June 2023
Competent Persons Statement
Information in this announcement has been assessed by Mr Rupert Verco, a
Fellow of the Australasian Institute of Mining and Metallurgy. Mr Verco is an
employee of Cobra and has more than 16 years' industry experience which is
relevant to the style of mineralisation, deposit type, and activity which he
is undertaking to qualify as a Competent Person as defined in the 2012 Edition
of the Australasian Code for Reporting Exploration Results, Mineral Resources
and Ore Reserves of JORC. This includes 11 years of Mining, Resource
Estimation and Exploration.
About Cobra
In 2023, Cobra discovered a rare earth deposit with the potential to re-define
the cost of rare earth production. The highly scalable Boland ionic rare earth
discovery at Cobra's Wudinna Project in South Australia's Gawler Craton is
Australia's only rare earth project amenable for in situ recovery (ISR) mining
- a low cost, low disturbance method. Cobra is focused on de-risking the
investment value of the discovery by proving ISR as the preferred mining
method which would eliminate challenges associated with processing clays and
provide Cobra with the opportunity to define a low-cost pathway to production.
Cobra's Wudinna tenements also contain extensive orogenic gold mineralisation,
including a 279,000 Oz gold JORC Mineral Resource Estimate, characterised by
potentially open-pitable, high-grade gold intersections.
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Appendix 1: Cobra's Boland Rare Earth Discovery
· Ionic clay hosted rare earths present as a low capital, low operating
cost source of heavy and magnet rare earth metals
· Processing of clay ores induces several operating challenges,
including productivity loss, material handling, dewatering, reagent use and
reclamation
· Ionic rare earth mineralisation at Boland exists in permeable geology
in an environment that permits ISR, thus bypassing the challenges associated
with processing of clay ores
· ISR is the preferred method of recovery used in the uranium industry,
where(1):
o Global ISR production accounted for ~60% of mined uranium in 2022
o Capital expenditure for ISR is 1-15% of conventional mines
o Operating costs of ISR is generally 30-40% lower than traditional mines
o Environmental impact and rehabilitation cost is significantly lower than
traditional mines
· South Australia is home to Australia's only three operating ISR
uranium mines and has a regulatory framework that supports ISR mining
· Bench-scale leach studies under ISR conditions are currently underway
at ANSTO, a first for ionic REE projects outside of China
· Cobra has installed a wellfield to rapidly advance the project
towards an infield pilot study
· Cobra aims to demonstrate that the cost of production at Boland can
be materially reduced via ISR, providing operating resilience to volatile rare
earth markets which has stalled the commencement of many rare earth projects
· Re-assaying of historic uranium focused drilling is being used to
confirm the scale of rare earth mineralisation. These results confirm the
presence of rare earth mineralisation over a strike of 12 km, where
mineralisation is open in most directions. Follow-up drilling will aim to
infill these results to support a maiden Mineral Resource Estimate ("MRE") at
Boland
Appendix 2: Boland Re-Assay Results - Further Significant Intersections
· Based on metallurgical recoveries, light magnet rare earths Nd + Pr
represent 48% of recoverable value, whilst heavy rare earths represent almost
50% of recoverable value, with heavy magnet rare earths Dy + Tb contributing a
significant portion of heavy rare earth value
· IR 123 intersected 10m at 1,501 ppm Total Rare Earth Oxide ("TREO"),
where Nd2O3 + Pr6O11 (Nd+Pr) totals 206 ppm and Dy2O3 + Tb2O3 (Dy + Tb) totals
6 ppm from 20m
· IR 234 intersected 2m at 778 ppm TREO, where Nd + Pr totals 167 ppm
and Dy + Tb totals 16 ppm from 26m and 4m at 1,407 ppm TREO, where Nd + Pr
totals 302 ppm and Dy + Tb totals 13 ppm from 48m
· IR 235 intersected 2m at 515 ppm TREO, where Nd + Pr totals 95 ppm
and Dy + Tb totals 7 ppm from 22m and 8m at 1,279 ppm TREO, where Nd + Pr
totals 318 ppm and Dy + Tb totals 13 ppm from 56m
· IR 236 intersected 6m at 968 ppm TREO, where Nd + Pr totals 208 ppm
and Dy + Tb totals 32 ppm from 2m
· IR 239 intersected 4m at 945 ppm TREO, where Nd + Pr totals 190 ppm
and Dy + Tb totals 22 ppm from 20m
· IR 245 intersected 6m at 820 ppm TREO, where Nd + Pr totals 171 ppm
and Dy + Tb totals 15 ppm from 10m
· IR 244 intersected 8m at 566 ppm TREO, where Nd + Pr totals 110 ppm
and Dy + Tb totals 16 ppm from 8m, including 2m at 1,084 ppm TREO, where Nd +
Pr totals 222 ppm and Dy + Tb totals 34 ppm from 8m
· IR 243 intersected 4m at 509 ppm TREO, where Nd + Pr totals 95 ppm
and Dy + Tb totals 11 ppm from 8m and 2m at 1,030 ppm TREO, where Nd + Pr
totals 211 ppm and Dy + Tb totals 17 ppm from 14m
· IR 242 intersected 4m at 793 ppm TREO, where Nd + Pr totals 158 ppm
and Dy + Tb totals 16 ppm from 10m, and 2m at 1221 ppm TREO, where Nd + Pr
totals 262 ppm and Dy + Tb totals 18 ppm from 16m, and 6m at 582 ppm TREO,
where Nd + Pr totals 121 ppm and Dy + Tb totals 5 ppm from 28m
(1) United States Nuclear Regulatory Commisions www.nrc.gov
(http://www.nrc.gov) TradeTech - the nuclear review (October 2016)
Figure 1: Plan detailing the extent of re-analysis results, previous Cobra
drilling, pending assays and the modelled extent of the geological
stratigraphy that hosts 'Zone 3' mineralisation identified in Boland wellfield
drilling
Table 1: Significant Intersections
Hole ID From (m) To (m) Int (m) TREO Pr(6)O(11) Nd(2)O(3) Tb(2)O(3) Dy(2)O(3) MREO % HREO%
IR 245 10.0 16.0 6.0 820 38 133 2 12 23% 14%
IR 244 8.0 16.0 8 566 23 87 2 14 22% 25%
Incl. 8.0 10.0 2.0 1,084 45 177 5 29 24% 27%
IR 243 8.0 12.0 4.0 509 21 74 2 9 21% 20%
and 14.0 16.0 2 1,030 47 164 3 14 22% 13%
IR 242 10.0 14.0 4 793 34 124 3 13 22% 17%
and 16.0 18.0 2 1,221 58 204 3 15 23% 12%
and 28.0 34.0 6 582 28 93 1 4 22% 8%
IR 241 6.0 8.0 2 563 28 103 2 11 25% 18%
IR 239 20.0 24.0 4 945 41 149 3 19 22% 24%
IR 236 2.0 8.0 6 968 42 166 5 27 25% 28%
IR 235 22.0 24.0 2 515 23 72 1 6 20% 12%
and 56.0 64.0 8 1,279 70 248 2 11 26% 8%
IR 234 26.0 28.0 2 778 36 131 3 13 23% 14%
and 48.0 52.0 4 1,407 68 234 2 11 22% 7%
IR 133 28.0 30.0 2 764 44 153 4 20 29% 16%
IR 123 8.0 12.0 4 598 24 87 2 13 21% 25%
and 20.0 30.0 10 1,501 47 159 1 5 14% 3%
Incl. 20.0 22.0 2 4,395 137 460 3 11 14% 2%
Appendix 3: Update on Benchscale ISR Tests
· A column leach test is currently underway at the Australian Nuclear
Scientific Technology Organisation ("ANSTO") where the progressive recovery of
rare earths under ISR conditions is being evaluated. Initial test parameters
include:
o 25cm column of zone 3 Boland core
o 0.5M ammonium sulphate (NH(4))(2)SO(4) as lixiviant
o pH3 maintained by H(2)SO(4)
o Temperature maintained at 27°C
o Column pressurised at 6-9 bar to reflect aquifer under injection
o Current injection rate is achieving 1 pore volume over six days
o Test is scheduled to be completed by 5 June 2024
· Results are expected to be received in June 2024
· Subsequent to results, a second larger test shall be conducted to
test repeatability at a larger scale
· The pregnant liquor solution from these tests shall be used to define
and optimise a processing pathway to produce a mixed rare earth carbonate
("MREC")
Figure 2: A photograph of the bench-scale ISR column leach test underway at
ANSTO, testing the progressive recovery of rare earths under ISR
conditions
Appendix 4: JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling techniques · Nature and quality of sampling (eg cut channels, random chips, or · Rotary mud and aircore drilling were used to obtain 1m - 2m sample
specific specialised industry standard measurement tools appropriate to the intervals.
minerals under investigation, such as down hole gamma sondes, or handheld XRF
instruments, etc). These examples should not be taken as limiting the broad · A number of core holes were drilled to validate aircore results and
meaning of sampling. estimate gamma radiation disequilibrium.
· Include reference to measures taken to ensure sample representivity · Carpentaria Exploration Company Pty Ltd conducted drilling between
and the appropriate calibration of any measurement tools or systems used. 1979 - 1984.
· Aspects of the determination of mineralisation that are Material to
the Public Report.
· In cases where 'industry standard' work has been done this would be
relatively simple (eg 'reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire
assay'). In other cases more explanation may be required, such as where there
is coarse gold that has inherent sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules) may warrant disclosure of detailed
information.
Drilling techniques · Drill type (eg core, reverse circulation, open-hole hammer, rotary · All drillholes were drilled at 90 degrees (vertical) due to the
air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or flat-lying nature of mineralisation.
standard tube, depth of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, etc). · NQ diameter (76mm) drill holes were used to obtain 1m down-hole
samples.
· Drillholes were wireline logged using undisclosed gamma tools.
· Core samples from twinned aircore holes were used to determine
sample representation and disequilibrium between gamma measured radiation and
actual Uranium quantities.
Drill sample recovery · Method of recording and assessing core and chip sample recoveries and · Reports imply that samples obtained by aircore drilling were
results assessed. considered superior owing to circulation problems encountered with rotary mud
drilling.
· Measures taken to maximise sample recovery and ensure representative
nature of the samples. · 1m sample composites are considered to provide reasonable
representation of the style of mineralisation.
· Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain of · 2m samples are indicative of the lateral distribution of rare
fine/coarse material. earth grade and the approximate stratigraphic location of the rare earth
grade.
Logging · Whether core and chip samples have been geologically and · Drillhole samples were logged by a onsite geologist and
geotechnically logged to a level of detail to support appropriate Mineral correlated to downhole geophysical logs that demonstrate correlation between
Resource estimation, mining studies and metallurgical studies. lithology units and gamma peaks.
· Whether logging is qualitative or quantitative in nature. Core (or · Oxidation state and the presence of reductants were logged
costean, channel, etc) photography.
· Sample loss was recorded
· The total length and percentage of the relevant intersections logged.
· Pulps have been reviewed and correlated to logging.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all core · Limited information concerning subsampling techniques is
taken. available.
· If non-core, whether riffled, tube sampled, rotary split, etc and · Twinned core holes, measured disequilibrium factors and duplicate
whether sampled wet or dry. sampling imply quality control.
· For all sample types, the nature, quality and appropriateness of the
sample preparation technique.
· Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
· Measures taken to ensure that the sampling is representative of the
in situ material collected, including for instance results for field
duplicate/second-half sampling.
· Whether sample sizes are appropriate to the grain size of the
material being sampled.
Quality of assay data and laboratory tests · The nature, quality and appropriateness of the assaying and · Original historic select samples were sent to COMLABS for XRF and
laboratory procedures used and whether the technique is considered partial or AAS analysis. Sample suites were variable across submissions.
total.
· Historic results are considered semiquantitative, further
· For geophysical tools, spectrometers, handheld XRF instruments, etc, re-assays would increase the confidence of historic sample results.
the parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc. · Chip reassays were analysed via a 4 acid digest. This method is
considered a near total digest. Rare earth minerals have potential for
· Nature of quality control procedures adopted (eg standards, blanks, incomplete digestion. These minerals are not considered as potential sources
duplicates, external laboratory checks) and whether acceptable levels of of extractable mineralization in this deposit type.
accuracy (ie lack of bias) and precision have been established.
Verification of sampling and assaying · The verification of significant intersections by either independent · Significant intercepts have been reviewed by Mr Rupert Verco and
or alternative company personnel. reviewed by Mr Robert Blythman (the competent persons)
· The use of twinned holes. · Historic cuttings samples retained within the Tonsely core
library have been secured and are being re-analysed to confirm results.
· Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
· Discuss any adjustment to assay data.
Location of data points · Accuracy and quality of surveys used to locate drill holes (collar
and down-hole surveys), trenches, mine workings and other locations used in
Mineral Resource estimation. · Collar locations have been sourced from the SARIG publicly
available dataset.
· Specification of the grid system used.
· Drill collars were surveyed on local grids established using
· Quality and adequacy of topographic control. ensign GPS. Coordinates have been transposed to MGA94 Zone 53.
Data spacing and distribution · Data spacing for reporting of Exploration Results. · Samples were selected to provide representative regional indicators
of geology and mineralization without a fixed spacing
· Whether the data spacing and distribution is sufficient to establish
the degree of geological and grade continuity appropriate for the Mineral · No sample compositing has been applied
Resource and Ore Reserve estimation procedure(s) and classifications applied.
· The data spacing and distribution is sufficient to establish the
· Whether sample compositing has been applied. degree of geological and grade continuity appropriate for the interpretation
of roll-front, sandstone hosted Uranium mineralisation.
· Interpretation of historic results supports the flat lying
continuous mineralisation.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling of · Drillholes were vertical and drilled perpendicular to the
possible structures and the extent to which this is known, considering the mineralization.
deposit type.
· If the relationship between the drilling orientation and the
orientation of key mineralised structures is considered to have introduced a
sampling bias, this should be assessed and reported if material.
Sample security · The measures taken to ensure sample security. · The security procedures are unknown
Audits or reviews · The results of any audits or reviews of sampling techniques and data. · No independent audits have been undertaken.
· The CSIRO re-analysed mineralized intersections, actively too water
samples and validated the factors of disequilibrium being used to estimate
Uranium grade.
· Proceeding tenement holders confirmed Uranium grades.
· Cobra currently re-analysing results to confirm Uranium grades.
Appendix 5: Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · EL6967 & 6968 are 100% held by Lady Alice Mines Pty Ltd, a Cobra
agreements or material issues with third parties such as joint ventures, Resources Plc company.
partnerships, overriding royalties, native title interests, historical sites,
wilderness or national park and environmental settings. · Native title agreements need to be gained before land access by the
department of Environment and Water can be granted.
· The security of the tenure held at the time of reporting along with
any known impediments to obtaining a licence to operate in the area.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other parties. · Carpentaria: 1979-1984 explored for Sandstone hosted Uranium.
· Mount Isa Mines: 1984-1988 explored for Sandstone hosted Uranium
· BHP: 1989-1992 explored for heavy mineral sands (HMS) and base metal
· Peko Exploration: 1991-1992
· Diamond Ventures explored for diamonds in Kimberlites during the
1990s
· Iluka: 2005-2016 explored for HMS and Uranium
· Minatour Exploration: 2000-2004 explored for Sandstone hosted Uranium
and IOCG mineralisation
· Toro Energy Limited: 2004-2008 explored for sandstone hosted Uranium
Geology · Deposit type, geological setting and style of mineralisation. · Basement Geology is dominated by Archean Sleaford and Proterozoic
Hiltaba Suite Granites.
· Granite plutons are enriched in uranium bearing minerals with
background U being ~10-20 times background.
· The Narlaby Palaeochanel and Eucla Basins overlie basement rocks
Interbedded channel sands sourced from local bedrock and Eocene age clays are
interbedded within the Palaeochannel and basin.
· Highly enrich groundwaters within the Palaeochannel suggest the
mobilization from both channel fill and regional basement for Uranium and REE.
· Uranium mineralisation is hosted in Roll-front style mineralisation
when fluids are oxidizing reduced channel sediments
· REE's are adsorbed to the contacts of reduced clay interbeds.
Drillhole Information · A summary of all information material to the understanding of the · Plans demonstrate the location of drillholes.
exploration results including a tabulation of the following information for
all Material drill holes: · Coordinates can be publicly accesses through the South Australian
SARIG portal.
o easting and northing of the drill hole collar
· No relevant material has been excluded from this release.
o elevation or RL (Reduced Level - elevation above sea level in metres) of
the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
· If the exclusion of this information is justified on the basis that
the information is not Material and this exclusion does not detract from the
understanding of the report, the Competent Person should clearly explain why
this is the case.
Data aggregation methods · In reporting Exploration Results, weighting averaging techniques, · Reported summary intercepts are weighted averages based on length.
maximum and/or minimum grade truncations (eg cutting of high grades) and
cut-off grades are usually Material and should be stated. · No maximum/ minimum grade cuts have been applied.
· Where aggregate intercepts incorporate short lengths of high grade · eU3O8 grades have been calculated using a disequilibrium factor of
results and longer lengths of low grade results, the procedure used for such 1.8
aggregation should be stated and some typical examples of such aggregations
should be shown in detail.
· The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationship between mineralisation widths and intercept lengths · These relationships are particularly important in the reporting of · Holes are drilled vertically. Reported intersections reflect true
Exploration Results. width.
· If the geometry of the mineralisation with respect to the drill hole
angle is known, its nature should be reported.
· If it is not known and only the down hole lengths are reported, there
should be a clear statement to this effect (eg 'down hole length, true width
not known').
Diagrams · Appropriate maps and sections (with scales) and tabulations of · Relevant diagrams have been included in the announcement.
intercepts should be included for any significant discovery being reported
These should include, but not be limited to a plan view of drill hole collar
locations and appropriate sectional views.
Balanced reporting · Where comprehensive reporting of all Exploration Results is not · All drillhole locations have been shown on plans
practicable, representative reporting of both low and high grades and/or
widths should be practiced to avoid misIeading reporting of Exploration
Results.
Other substantive exploration data · Other exploration data, if meaningful and material, should be · Reported results reflect publicly available information.
reported including (but not limited to): geological observations; geophysical
survey results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or contaminating substances.
Further work · The nature and scale of planned further work (eg tests for lateral · Re-analysis of historical drill samples is underway. Samples shall be
extensions or depth extensions or large-scale step-out drilling). analysed for REE and Uranium to confirm historical results.
· Diagrams clearly highlighting the areas of possible extensions, · Previous TEM surveys are being re-interpreted to improve
including the main geological interpretations and future drilling areas, Palaeochannel interpretation and to identify potential pathways of fluid
provided this information is not commercially sensitive. oxidation.
· Ground water sampling planned.
· Digitization of downhole wireline logs to re-interpret mineralized
roll-fronts.
Prospect Hole number Grid Northing Easting
Boland IR 246 GDA94 / MGA zone 53 6360973 533829
Boland IR 245 GDA94 / MGA zone 53 6360773 533029
Boland IR 244 GDA94 / MGA zone 53 6360873 531829
Boland IR 243 GDA94 / MGA zone 53 6361173 532229
Boland IR 242 GDA94 / MGA zone 53 6361473 532829
Boland IR 241 GDA94 / MGA zone 53 6362373 533329
Boland IR 239 GDA94 / MGA zone 53 6362273 534329
Boland IR 238 GDA94 / MGA zone 53 6362373 534930
Boland IR 236 GDA94 / MGA zone 53 6361373 536130
Boland IR 235 GDA94 / MGA zone 53 6365273 534229
Boland IR 234 GDA94 / MGA zone 53 6365573 533629
Boland IR 232 GDA94 / MGA zone 53 6365773 532729
Boland IR 135 GDA94 / MGA zone 53 6364173 535230
Boland IR 134 GDA94 / MGA zone 53 6361323 536630
Boland IR 133 GDA94 / MGA zone 53 6362573 535505
Boland IR 123 GDA94 / MGA zone 53 6361573 535604
Boland IR 122 GDA94 / MGA zone 53 6363173 535054
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