Makuutu Exploration Drilling Update

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MAKUUTU INFILL DRILLING RESULTS CONTINUE TO DELIVER THICK INTERVALS OF HIGH-GRADE REE

  • First 11 Infill drilling results from the recommenced program confirms expected continuous thick, near surface and high-grade clay Rare Earth Element mineralisation within existing Resource area
  • Significant Intersections include:
  • RRMDD061 10.1 metres at 1,057ppm TREO from 6.6 metres o RRMDD062 12.0 metres at 929 ppm TREO from 10.5 metres o RRMDD065 9.9 metres at 1,188 ppm TREO from 3.5 metres o RRMDD066 9.3 metres at 1,113 ppm TREO from 3.3 metres o RRMDD067 11.7 metres at 1,017 ppm TREO from 4.5 metres
  • Drilling progress continues at a rapid rate, with 2,217 metres (134 holes) of the 3,700 metre program completed to date
  • Assay results for 5 extensional holes are pending release
  • Second tranche of samples (32 extension holes) has arrived in Perth for assay,
  • Third tranche of samples (45 extension holes) expected to depart Uganda next week

 

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