Normal
seem to be quite a few ionic clay resources being noticed, now companies are looking. Which will win the prize, of proceeding to development?Koppamurra Drilling Program Indicates Strong Potential for Larger Resource Highlights • Koppamurra project’s second major drilling program which ran between February and April 2022 successfully identified extensive, shallow, rare-earth mineralisation adjacent to the Red Tail and Yellow Tail resource deposits, with thicknesses and grades consistent with those previously found in these areas. • The intensive resource definition drilling program, undertaken over an area equivalent in size to the Red Tail and Yellow Tail maiden resource footprint, consisted of 1,158 holes and 11,480m at 100m x 100m spacing to supplement the previous drilling of 899 holes and 9,920m in late 2021 • Additional density determinations across a wide area of the closely spaced drilling supports a 30% dry bulk density increase to be applied in the updated resource estimate • These results provide a high level of confidence that the mineralised clays remain shallow, low cost to mine and consistently thick up to ~8km north of Red Tail and Yellow Tail. • The three-fold increase in meters drilled at tighter spacing will form the basis for a planned mineral resource update scheduled for June 2022. This will be the first major update since the maiden resource of 39.9Mt reported in April 2021
seem to be quite a few ionic clay resources being noticed, now companies are looking. Which will win the prize, of proceeding to development?
Koppamurra Drilling Program Indicates Strong Potential for Larger Resource
Highlights
• Koppamurra project’s second major drilling program which ran between February and April 2022 successfully identified extensive, shallow, rare-earth mineralisation adjacent to the Red Tail and Yellow Tail resource deposits, with thicknesses and grades consistent with those previously found in these areas.
• The intensive resource definition drilling program, undertaken over an area equivalent in size to the Red Tail and Yellow Tail maiden resource footprint, consisted of 1,158 holes and 11,480m at 100m x 100m spacing to supplement the previous drilling of 899 holes and 9,920m in late 2021
• Additional density determinations across a wide area of the closely spaced drilling supports a 30% dry bulk density increase to be applied in the updated resource estimate
• These results provide a high level of confidence that the mineralised clays remain shallow, low cost to mine and consistently thick up to ~8km north of Red Tail and Yellow Tail.
• The three-fold increase in meters drilled at tighter spacing will form the basis for a planned mineral resource update scheduled for June 2022. This will be the first major update since the maiden resource of 39.9Mt reported in April 2021
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
