Investor Presentaiton
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Innouendy
Rare Earth Elements
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First assay results from the initial 1,128m of a 12,745m aircore and
RC drilling program have been received and confirm the presence of
thick and continuous rare earths mineralisation lying close to
surface and indicating a potentially significant mineralised system
Clays which host the mineralisation start close to surface and have
been intersected up to 80m thick in parts. Step out drilling traverses
have intersected the prospective horizon across a strike length
greater than 10km
Assays remain pending for a further 11,617m.
The mineralisation assayed to date is showing encouraging grades
over significant widths from close to surface.
The drill program extends over a 20km area. Once all assays are
compiled, a more expansive drill program will test the extent of this
new discovery and move towards defining a resource.
Encouragingly, 8m thick intercepts of greater than 1100ppm TREO
are still encountered at the Cattle Yard nickel prospect ~4km to the
southwest suggesting potential for significant lateral extent to the clay
hosted mineralisation.
Investor Presentation October 2022
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Hole INAC027, 20m @ 2139 incl
4m @ 4376ppm TREO
фосфосоросовес
Innouendy Project
Holes INAC069-083
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GOOD 00000000000
DODD bo
Holes INAC129-143
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1000
(meters)
00000 00000000000000
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oo hoog o
00000006
jopa op 000000
Cattle Yard Prospect
7 Holes previously reported including
Hole INAC036, 9m@ 1605ppm TREO
Hole INAC035, 7m @ 1515ppm TREO
Hole INAC037, 20m@ 746ppm TREO
Remainder awaiting assays
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Figure 1. Assays reported from
holes INAC 069-083 and
INAC129-143 shown with white
background (See Figure 2 for
sections).
Assays are pending for all other
holes apart from the partial
sampling previously reported.
Background Image-
Radiometric thorium count
from airborne spectrometer.
Primary minerals containing
rare earth elements often
contain thorium.
Radiometric thorium, along
with early time EM data, can be
used in the targeting process to
help identify thick clays with the
potential for high-grade ionic
rare earths.
tals.com.au
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