A maiden indicated resource of 16.2 million tonnes at 373.4 ppm (using a 300 ppm cut off) for 12.1 million pounds (lbs) Rare Earth Elements (REE) was found at the site.

The company also found an inferred resource of 112 million tonnes at 371 .5 ppm (using a 300 ppm cut off) for 83.5 million pounds (lbs) REE.

The total resource currently stands at 128.2 million tonnes at 371.5 ppm for 95.6 million pounds (lbs) REE.

Canada-based Saskatchewan Research Council has completed the preliminary metallurgical test work at the site.

Further, preliminary test work posted an overall total rare earth oxides recovery of 68.1% after concentration to an average grade of 1248 ppm.

Currently, an NI 43-101 report is being prepared and will be completed before the end of the year.