Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,080
- Reactions
- 20,447
buyer strike
.
.
and for the true believers
Outlook
Following a delay during March, the initial Mineral Resource estimate for the Mia Prospect is progressing and the Company now anticipates its release during May 2024.
Corporate
At the 31 March 2024, the Company held cash reserves of $1.661 million and no debt
.
and true to promises, on 21 May:
Maiden Inferred Mineral Resource Estimate for the Mia Prospect of 168Mt at 1,201ppm TREO
• The Company is pleased to report its maiden Mineral Resource Estimate for the central zone of the Mia REE Prospect of 168Mt at 1,201ppm TREO (using a 750ppm TREO lower cutoff), which includes higher-grade zones amounting to 83Mt at 1,558ppm TREO (using a 1,000ppm TREO lower cutoff).
• The central zone of the Mia prospect is an open-ended, 8.5km long corridor of clay-hosted rare earth mineralisation with drilling completed on 400m spaced cross lines and holes spaced between 100m and 400m along each line.
• Sighter metallurgical tests have previously indicated that simple screening could significantly increase the in-situ grade of mineralisation by as much as 160%, and indicated the efficacy of HCl to leach REE’s into solution.
• The block model has identified multiple zones of significant mineralisation along the central Mia Prospect. These have been sampled ahead of future metallurgical work designed to refine the effectiveness of beneficiation and acid leach parameters.
Mount Ridley’s Chairman, Mr. Peter Christie commented:
“Through drilling, the Company has progressively revealed substantial intersections of clay-hosted REE mineralisation and today, we are pleased to report our maiden Mineral Resource Estimate for the central Mia Prospect.
This is a key milestone for the Company and highlights the potential of the Mt Ridley Project which is in a favourable location just 55km from the Port of Esperance.”
.
.
and for the true believers
Outlook
Following a delay during March, the initial Mineral Resource estimate for the Mia Prospect is progressing and the Company now anticipates its release during May 2024.
Corporate
At the 31 March 2024, the Company held cash reserves of $1.661 million and no debt
.
and true to promises, on 21 May:
Maiden Inferred Mineral Resource Estimate for the Mia Prospect of 168Mt at 1,201ppm TREO
• The Company is pleased to report its maiden Mineral Resource Estimate for the central zone of the Mia REE Prospect of 168Mt at 1,201ppm TREO (using a 750ppm TREO lower cutoff), which includes higher-grade zones amounting to 83Mt at 1,558ppm TREO (using a 1,000ppm TREO lower cutoff).
• The central zone of the Mia prospect is an open-ended, 8.5km long corridor of clay-hosted rare earth mineralisation with drilling completed on 400m spaced cross lines and holes spaced between 100m and 400m along each line.
• Sighter metallurgical tests have previously indicated that simple screening could significantly increase the in-situ grade of mineralisation by as much as 160%, and indicated the efficacy of HCl to leach REE’s into solution.
• The block model has identified multiple zones of significant mineralisation along the central Mia Prospect. These have been sampled ahead of future metallurgical work designed to refine the effectiveness of beneficiation and acid leach parameters.
Mount Ridley’s Chairman, Mr. Peter Christie commented:
“Through drilling, the Company has progressively revealed substantial intersections of clay-hosted REE mineralisation and today, we are pleased to report our maiden Mineral Resource Estimate for the central Mia Prospect.
This is a key milestone for the Company and highlights the potential of the Mt Ridley Project which is in a favourable location just 55km from the Port of Esperance.”
