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Swartz emphasized the project’s vast potential, with only 25% of mineralization traditionally explored. The recent drilling campaign revealed positive results, indicating potential beyond the current JORC resource.
Swartz anticipates an upgrade to the resource model and a new JORC update by January or the first quarter.
Metallurgical advancements are a focus, highlighting the non-refractory nature of the deposit, enabling conventional leaching for rare earth element recovery.
As the company moves towards an updated JORC, a scoping study is underway with Stantec (TSX:STN), following the engagement of Perth-based metallurgy consultants.
Swartz also discussed the company’s new chairman Ken Traub, bringing over 30 years of US public company experience.