REG - Firering Strategic - Phase II Soil Sampling Programme Completed
30/05/2023 07:00
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RNS Number : 8634A Firering Strategic Minerals PLC 30 May 2023
Firering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining
30 May 2023
Firering Strategic Minerals plc
("Firering" or "the Company")
Phase II Soil Sampling Programme Successfully Completed
14,116 samples sent to Ghana for pXRF and LIBS analysis
Firering Strategic Minerals plc, an exploration company focusing on critical
minerals, is pleased to announce the successful completion of its large-scale
Phase II Soil Sampling Programme at its flagship Atex Lithium-Tantalum Project
("Atex"), in Côte d'Ivoire. The Phase II Programme was undertaken in
conjunction with Ricca Resources Limited ("Ricca") following its US$18.6
million investment to advance Atex to Definitive Feasibility Study ("DFS")
announced on 2(nd) November 2022.
Highlights:
· Soil sampling programme completed; 14,116 soil samples taken,
prepared and sent to Ghana for analysis by portable x-ray fluorescence
spectrometry ("pXRF") and Laser Induced Breakdown Spectrometry ("LIBS");
· Results for batches 1 to 7 and part of batch 8 (a total of 6,205
samples) received and plotted;
· Several new and related pegmatite anomalies identified in the Atex
licence area confirming areas of interest for auger drilling;
· Final soil analysis and mapping to be concluded in the coming weeks
to fine tune the auger drilling programme;
· Coremet submitted its first draft report for the coltan test work
concluding good response to magnetic separation and gravity concentration.
Yuval Cohen, Chief Executive of Firering, said:
"I am very pleased to announce that, after partnering with Ricca, we now have
successfully completed our Phase II soil sampling programme, which commenced
on 09 January 2023. A total of 14,116 soil samples were taken, prepared and
sent to Ghana for pXRF and LIBS analysis. It is very encouraging that
several pegmatite related anomalies have been identified, which will be
considered as target in the next phase of auger drilling which will commence
shortly.
"I am also pleased to announce that Cormet completed the coltan test work and
submitted its draft report on 15 May 2023. Coremet's test work indicated
that the material can be concentrated and resulted in an initial flowsheet for
a gravity plant."
Soil Sampling
Phase II of the Atex soil sampling programme commenced on 9 January 2023 and
was completed on 11 May 2023. A total of 14,116 soil samples were taken,
prepared and sent to Ghana for pXRF and LIBS analysis (see Map 1 below). The
results received have been interpreted and plotted for batches 1 to 7 and part
of batch 8 (see Map 2 below). A further 7,911 results are pending,
representing the remaining part of batch 8 and batches 9 to 11.
Map 1: Atex licence area, showing the completion of the Phase II soil sampling
programme.
Map 2: Atex licence area, showing the lithium results from the LIBS analysis
for batches 1 to 7 and part of batch 8; pXRF results for this area have also
been received.
Coremet Test Work
High level test work undertaken by SGS/Coremet in Johannesburg, South Africa
showed that:
· The mineralogical analysis of the material indicated that all the
tantalum and niobium is contained in Columbite;
· The overwhelming majority of tantalum and niobium occurs in highly
liberated Columbite particles; and
· The material responded well to magnetic separation and gravity
concentration.
Although further test work is required to produce a commercial concentrate,
Coremet was able to develop an initial flow sheet for a gravity plant that
needs to be tested to validate recovery values. Further exploration is also
needed to assess the economic potential of the coltan mineralisation within
the licence area.
Competent Person
In accordance with the AIM Note for Mining and Oil and Gas Companies, Firering
discloses that Michael Cronwright of CSA Global is the Competent Person that
has reviewed the technical information contained in this document related to
the exploration results. Michael Cronwright has a Pr.Sci.Nat with the South
African Council for Natural Scientific Professions ("SACNASP") and is a member
in good standing with SACNASP. Mr Cronwright has the appropriate relevant
qualifications, experience, competence and independence to act as a Competent
Person as defined in the 2012 Edition of the "Australian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves". Michael Cronwright
consents to the inclusion of the information in this announcement in the form
and context in which it appears.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
*** ENDS ***
For further information and updates on Firering's exploration programme, visit
www.fireringplc.com or contact the following:
Firering Strategic Minerals Tel: +44 20 7236 1177
Yuval Cohen
Tim Daniel
SPARK Advisory Partners Limited Tel: +44 20 3368 3550
Nominated Adviser
Neil Baldwin / James Keeshan / Adam Dawes
Optiva Securities Limited Tel: +44 20 3137 1903
Broker
Christian Dennis / Daniel Ingram
St Brides Partners Limited T: +44 20 7236 1177
Financial PR E: firering (mailto:firering) @stbridespartners.co.uk
(mailto:firering@stbridespartners.co.uk)
Ana Ribeiro / Susie Geliher / Isabelle Morris
Notes to Editors:
Firering Strategic Minerals
Firering Strategic Minerals plc is an AIM-quoted mining company focused on
exploring and developing a portfolio of mines producing critical minerals in
the Côte d'Ivoire including lithium and Tantalum to support the global
transition to net zero emissions. It operates the Atex Lithium-Tantalum
Project in northern Côte d'Ivoire, which is prospective for both lithium and
tantalum. Firering intends to advance development at Atex with a view to
establishing a maiden lithium resource and a pilot scale production of
ethically sourced tantalum and niobium within 18 months to generate early
revenues and support further exploration work. A large-scale Tantalum
production facility may be developed following pilot results, which will be
supported by a debt facility of FCFA 5,057,000,000 (approximately
€7,500,000) currently under negotiation to fund the entire scale-up plan to
develop a portfolio of ethically sourced mineral projects in the Côte
d'Ivoire, supplying EV batteries, high tech electronics and other fast-growing
end markets.
Glossary of Technical Terms
Coltan/columbite Coltan (short for columbite-tantalite and known industrially as tantalite) is
a dull black metallic mineral/mineral concentrate from which the elements
niobium and tantalum are extracted for use various heat and corrosion
resistant alloys and capacitors. Tantalite and columbite form a solid solution
series of minerals ranging from Ta(2)O(5) (Tantalite) to columbite (Nb(2)O(5))
endmembers with a range of intermediary compositions (Ta,Nb)(2)O(5).
Lepidolite Lepidolite is a purple to lilac-grey or rose-coloured member of the mica group
of minerals. It has chemical formula K(Li,Al)(3)(Al, Si)(4)O(10)(F,OH)(2). It
is part of the polylithionite, lepidolite, and trilithionite group of
minerals, which share similar properties but have varying ratios of lithium
and aluminium in their chemical formulas and a potential secondary source of
lithium.
Li Lithium.
Li(2)O Lithium Oxide (Lithia) - an inorganic lithium compound used to assess lithium
minerals. Relationship between Li and Li(2)O: Li(2)O = Li x 2.153
LIBS Laser Induced Breakdown Spectrometry. Handheld LIBS analysers use a
high-focused laser to ablate the surface of a sample. A plasma is formed
consisting of electronically excited atoms and ions. As these atoms decay back
into their ground states, they emit characteristic wavelengths of light, or
"unique fingerprints". These "fingerprints" or spectra are distinct for each
element. Handheld LIBS analysis can be used for quantitative and qualitative
measurements including lithium.
Metasediments Sedimentary rocks that have been metamorphosed.
Metavolcanics Volcanic rocks that have been metamorphosed.
Pegmatite/LCT pegmatite An igneous rock typically of granitic composition, which is distinguished from
other igneous rocks by the extremely coarse size of its crystals, or by an
abundance of crystals with skeletal, graphic, or other strongly directional
growth habits, or by a prominent spatial zonation of mineral assemblages.
LCT pegmatites are pegmatites enriched in lithium, caesium and tantalite and
an important source of lithium.
pXRF Portable X-ray Fluorescence handheld device that uses X-rays to excite matter
at the atomic level for determining approximate chemical compositions. A built
in CPU and display on the back of the unit provide live geochemical results
within seconds.
QA/QC Quality assurance and quality control. Use to assess the accuracy and
reliability of assay results.
Spodumene Spodumene is a pyroxene group mineral with a chemical formula of
LiAlSi(2)O(6). Spodumene is mined from pegmatites and concentrates produced
which are the one of the primary sources of lithium.
Ta Tantalum.
XRD X-ray Diffraction or X-ray Powder Diffraction utilizes x-ray radiation on
crystalline organic and inorganic samples. The rays are diffracted in a
pattern determined by the position, arrangement, and size of the constituents
of the crystal.
APPENDIX
JORC TABLE 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections)
Criteria JORC Code explanation Commentary
Sampling techniques · Nature and quality of sampling (e.g. cut channels, random chips, or · Soil samples weighing approximately 2-2.5kg were collected from a
specific specialised industry standard measurement tools appropriate to the 25-30cm diameter hole. The surficial humus and debris cleared prior to
minerals under investigation, such as down hole gamma sondes, or handheld XRF excavation of the shallow hole and the sample collected from the B-horizon and
instruments, etc). These examples should not be taken as limiting the broad placed into pre-numbered plastic bags. Oversize material was discarded.
meaning of sampling.
· Sample tickets inserted into the bags which were then sealed with a
· Include reference to measures taken to ensure sample representivity cable-tie or taped shut.
and the appropriate calibration of any measurement tools or systems used.
· Sample holes were backfilled and locations marked with a stick (peg)
· Aspects of the determination of mineralisation that are Material to and flagging tape with the sampleID marked
the Public Report.
· Duplicate samples were collected from locations where pegmatite
· In cases where 'industry standard' work has been done this would be material was sampled.
relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire · Areas of anthropogenic disturbances were avoided such as roads,
assay'). In other cases more explanation may be required, such as where there villages and artisanal workings. However, cultivated fields were sampled.
is coarse gold that has inherent sampling problems. Unusual commodities or Streams, riverbeds and swamps were also avoided.
mineralisation types (e.g. submarine nodules) may warrant disclosure of
detailed information. · QAQC samples comprising certified reference materials, blanks and
field duplicates were inserted at regular intervals into the sample stream.
· Sample analysis was done by LIBS for lithium and a multi-element
suite, including LCT pegmatite pathfinder elements (such as Sn, Ta, Rb) by
pXRF.
Drilling techniques · Drill type (e.g. core, reverse circulation, open-hole hammer, rotary · Not applicable. No drilling results are being reported.
air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, etc).
Drill sample recovery · Method of recording and assessing core and chip sample recoveries and · Not applicable. No drilling results are being reported.
results assessed.
· Measures taken to maximise sample recovery and ensure representative
nature of the samples.
· Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain of
fine/coarse material.
Logging · Whether core and chip samples have been geologically and · Geological information regarding the geology. topography, soil type
geotechnically logged to a level of detail to support appropriate Mineral is collected at each sample location and captured into the project database.
Resource estimation, mining studies and metallurgical studies.
· This information has been used to update the geological maps and
· Whether logging is qualitative or quantitative in nature. Core (or interpretation of the soil sampling results.
costean, channel, etc) photography.
· The total length and percentage of the relevant intersections logged.
Sub-sampling techniques and sample preparation · If core, whether cut or sawn and whether quarter, half or all core · All samples were processed at FSM's camp in Tounvré.
taken.
· Samples were oven dried for up to 120 mins and then pulverised with a
· If non-core, whether riffled, tube sampled, rotary split, etc and motor and pestle until all material passed through 0.16mm sieve.
whether sampled wet or dry.
· 2 pulp samples of 100-200g of the screened material was then
· For all sample types, the nature, quality and appropriateness of the collected, one bagged and labelled for despatch to Ricca Resources laboratory
sample preparation technique. in Ghana and the duplicate remained as reference pulp sample in Tounvré camp.
The remaining material was retained.
· Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples. · In Ghana a pressed pellet was produced from the sample using a manual
hydraulic press and the remaining sample retained.
· 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 · The prepared sample material was couriered to Ricca Resources Ghana
laboratory procedures used and whether the technique is considered partial or laboratory where they were subjected to industry accepted sample preparation
total. and multi element analysis by pXRF for 34 elements including Rb, Sn, Nb and Zr
and LIBS for 7 elements including Li.
· For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument make and · Olympus Vanta XRF Analyzer model VMR series was used in reading
model, reading times, calibrations factors applied and their derivation, etc. multi-element suite and SciAps LIBS analyser for reading and Li and selected
elements.
· Nature of quality control procedures adopted (e.g. standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels of · Internal laboratory QAQC checks analysis on its own certified
accuracy (i.e. lack of bias) and precision have been established. reference material of standards and blanks inserted at regular interval into
the sample stream are reported.
· QAQC performance was monitored and reviewed by Ricca and demonstrated
the results are accepting for the reporting of the results.
· The Competent Person is satisfied that the assay results are suitable
for the reporting of exploration results.
· Geophysical instruments were not used in assessing the
mineralisation.
Verification of sampling and assaying · The verification of significant intersections by either independent · CSA Global (CSA) has not observed any of the sampling process
or alternative company personnel. executed by Ricca Resources sampling team.
· The use of twinned holes. · The logging and sampling data were captured onto paper logs and
transferred into an Excel spreadsheet that was imported into a SQL database
· Documentation of primary data, data entry procedures, data managed by CSA Global.
verification, data storage (physical and electronic) protocols.
· The field programme was managed by Ricca Resources.
· Discuss any adjustment to assay data.
· All data is stored locally on a laptop computer and backed-up onto
the cloud.
· The assay data has not been adjusted.
Location of data points · Accuracy and quality of surveys used to locate drill holes (collar · All hole locations were sited using a handheld GPS The information
and down-hole surveys), trenches, mine workings and other locations used in was then transferred to the logging Excel spreadsheets.
Mineral Resource estimation.
· Coordinates are relative to WGS84 UTM zone 29P.
· Specification of the grid system used.
· The locations are considered suitably accurate for the purpose of
· Quality and adequacy of topographic control. reporting exploration results.
Data spacing and distribution · Data spacing for reporting of Exploration Results. · Soil sampling grids were laid out along an east-west orientation with
lines spaced at 100m apart and samples collected at 100m intervals along the
· Whether the data spacing and distribution is sufficient to establish lines to create a 100x100m sample grid across the Atex licence.
the degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and classifications applied. · The spacing is considered suitable to determine targets associated
with LCT pegmatites for follow-up exploration work.
· Whether sample compositing has been applied.
· No sample compositing was done.
Orientation of data in relation to geological structure · Whether the orientation of sampling achieves unbiased sampling of · Soil sampling grids were laid out along an east-west orientation with
possible structures and the extent to which this is known, considering the lines spaced a 100m apart and samples collected at 100m intervals along the
deposit type. lines to create a 100x100m sample grid across the Atex licence.
· If the relationship between the drilling orientation and the · The relationship between the size of the soils geochemical
orientation of key mineralised structures is considered to have introduced a anomalies/targets and possible pegmatites has not been established. Further
sampling bias, this should be assessed and reported if material. exploration is required to confirm the presence of pegmatites and determine
the size and nature of any mineralisation that may be present.
Sample security · The measures taken to ensure sample security. · All samples were collected, labelled and bagged on site by the Ricca
exploration team.
· Samples were secured and stored in FSMs core yard facility in
Tounvré where the sample preparation was also done.
· Sample batches of the prepared sample material were then dispatched
to Ricca Resources' laboratory in Ghana for assay by LIBS and pXRF.
· Sample transport to Ghana was managed by Ricca Resources and
facilitated by Intertek Yamoussoukro Prep lab, which delivered the samples to
Ghana on behalf of Ricca Resources
· A chain of custody sheet was verified and signed off at each stage in
transit before in get to the Laboratory in Ghana and finally checked and
signed by the recipient.
· The sample lists were submitted to the Ricca Resources laboratory in
Ghana electronically and checked by the recipient against what was received.
· Batch tracking file is updated regularly, considering the status of
samples dispatched and results received.
Audits or reviews · The results of any audits or reviews of sampling techniques and data. · The soil sampling technique and assay methodology have been reviewed
by Mr Michael Cronwright of CSA Global, the Competent Person.
· Regular reviews of the data and assay results have been conducted to
ensure the data are suitable for target generation purposes.
· The Competent Person considers that the exploration work conducted to
date is using appropriate techniques for the style of mineralisation and is
suitable for the reporting of the exploration results.
Section 2 Reporting of Exploration Results
(Criteria listed in the previous section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status · Type, reference name/number, location and ownership including · The Atex exploration permit was issued as PR-777 on 6 December 2017
agreements or material issues with third parties such as joint ventures, to Atex Mining Resources and was valid for 4 years, expiring in December 2021.
partnerships, overriding royalties, native title interests, historical sites, In March 2021, Firering Holdings acquired 51% of Atex Mining and has an option
wilderness or national park and environmental settings. to acquire an additional 39%.
· The security of the tenure held at the time of reporting along with · PR-777 has been renewed for an additional three years for Li,
any known impediments to obtaining a licence to operate in the area. expiring on 5 December 2024. The Mining Code of Ivory Coast allows for the
adding of other commodities, e.g. Ta and Au when found during exploration
activities.
Exploration done by other parties · Acknowledgment and appraisal of exploration by other parties. · Within PR-777 limited exploration work comprising geological mapping
and prospecting focussed on the eluvial, alluvial and pegmatite hosted
columbo-tantalite mineralisation was done between 1953 and 1963. This work
identified the area to have "good" potential for columbo-tantalite
mineralisation as well some evidence of placer gold mineralisation around
Tounvré.
· Adam (1966) conducted the systematic exploration in the area on
behalf of SODEMI from 1965-1966. His work comprised non-systematic and
systematic pitting, mapping, rock chip and mineral concentrate sampling. The
work identified several areas with potentially economic columbo-tantalite
mineralisation as well as the spodumene-lepidolite bearing pegmatite(s) around
Spodumene Hill. His mapping also recognised 5 types of pegmatites in the area,
namely:
· lepidolite, muscovite, spodumene, columbo-tantalite type;
· green muscovite, columbo-tantalite type;
· green muscovite and beryl type;
· muscovite, beryl type; and
· biotite, magnetite type.
· More recently, the permit was covered by a larger licence held by
Perseus Mining Limited who were exploring for gold within the region. The
results of this exploration are unknown.
· It is understood that they conducted airborne geophysical (magnetic
and radiometric) surveys over the area.
· The most recent exploration conducted has been by Atex Mining
Resources who conducted limited mapping and rock chip sampling focussed on the
lithium potential of the licence and confirmed the presence of spodumene and
lepidolite mineralisation in the area around Spodumene Hill.
Geology · Deposit type, geological setting and style of mineralisation. · The Atex Project occurs in the western limit of the Bagoé Basin
within Baoulé-Mossi domain of the West African Craton (WAC). The WAC
comprises Archaean basement material and the surrounding Proterozoic
granite-greenstone terranes (termed the Birimian or Birimian Supergroup). The
Birimian rocks are synchronous with the Eburnean orogeny. The Baoulé-Mossi
domain comprises several north-northeast to south-southwest to north-south
arcuate belts that stretch hundreds of kilometres and are host to multiple
gold, base metal, and pegmatite-hosted columbo-tantalite and lithium deposits
that are spatially and temporally related to the Eburnean orogeny that took
place between 2,250 and 1,980 Ma.
· The geology of the Project area us underlain by Birimian
metavolcanics and Eburnian-aged granitoid intrusions, including undeformed,
late stage potassic granites considered to be genetically related to the
pegmatites.
· Historical work within the permit area has identified several
pegmatite types within the licence area, including pegmatites, which are
prospective for lithium and columbo-tantalite mineralisation. The exploration
work by Adam (1966) also identified surficial columbo-tantalite mineralisation
associated with the pegmatites and weathering thereof.
· Recently, several companies have demonstrated the potential for
pegmatite-hosted lithium mineralisation in the region. These include Atlantic
Lithium (previously IronRidge Resources) who have developed the Ewoyaa Lithium
Project in Ghana, Firefinch (previously Mali Lithium) and their Goulamina
project and Kodal Minerals with their Bougouni project both in southern Mali.
· The pegmatites within the Atex permit belong to the LCT-Rare Element
group of pegmatites and includes the LCT spodumene-lepidolite bearing
pegmatite at Spodumene Hill and muscovite-columbo-tantalite type pegmatites.
· The pegmatites within the Atex Proiect are hosted in mafic schists,
although some minor mica schists are also present and comprise a series of
steeply dipping north-northeast striking bodies. Less common are smaller east
west orientated pegmatites.
· Recent work by Firering Strategic Minerals has identified several
pegmatite bodies around Spodumene Hill and have been the focus of the 2022
drilling campaign. Several other pegmatites were also identified within the
broader ATEX project area indicating the licence may be hosted to additional
LCT pegmatites. The licence scale soil sampling programme was designed to
identify potential targets associated with the known pegmatites and other
potentially sub-cropping pegmatite zones.
· Several of these pegmatites at Spodumene Hill have been identified to
be potentially lithium bearing, with the lithium hosted in spodumene and
lepidolite.
· The area is also considered moderately prospective for orogenic
Birimian gold mineralisation based on the local geology and proximity to
several gold deposits in the broader region. Historical exploration in the
1960s also noted a small "placer" gold deposit close to Tounvré.
Drill hole Information · A summary of all information material to the understanding of the · All relevant maps showing the sample locations and lithium results have
exploration results including a tabulation of the following information for been included in the announcement.
all Material drill holes:
· Only lithium results have been reported as this data best summarises
o easting and northing of the drill hole collar and highlights the potential target areas identified.
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, · No equivalent values are used or reported.
maximum and/or minimum grade truncations (e.g. cutting of high grades) and
cut-off grades are usually Material and should be stated. · No data aggregation or metal equivalents have been reported.
· Where aggregate intercepts incorporate short lengths of high grade
results and longer lengths of low grade results, the procedure used for such
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 · There are no relationship between the lithium results in the soil
Exploration Results. samples and possible pegmatite hosted lithium mineralisation.
· If the geometry of the mineralisation with respect to the drill hole · No relationship has been established with respect to the target sizes
angle is known, its nature should be reported. and the size of potential pegmatite hosted lithium mineralisation.
· If it is not known and only the down hole lengths are reported, there · Follow-up exploration work is required to test the targets identified
should be a clear statement to this effect (e.g. 'down hole length, true width and establish whether the targets are associated with mineralised pegmatites.
not known').
Diagrams · Appropriate maps and sections (with scales) and tabulations of · Relevant maps are presented in the accompanying documentation.
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 · The reported exploration results are related to the regional soil
practicable, representative reporting of both low and high grades and/or sampling results for batches 1-7 and part of batch 8 from the Atex project
widths should be practiced to avoid misleading reporting of Exploration conducted by Ricca Resources.
Results.
Other substantive exploration data · Other exploration data, if meaningful and material, should be · No applicable.
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 (e.g. tests for lateral · Additional exploration is planned and summarised in the accompanying
extensions or depth extensions or large-scale step-out drilling). documentation.
· Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.
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