Exploration Targets & Resources

The Aries Prospect  has the potential to become a world class bulk tonnage Ta-Nb-REE deposit, with additional potential value add from Zirconium credits, though further exploration work is required in order to define a JORC resource.

In 1987 the Greenland-Danish Geological Survey estimated a mineralised zone of 500 million tonnes at Motzfeldt with average grades between 1,320 and 1,480 ppm. Nb and 110-130 ppm. Ta.  Within the larger mineralised zone, GEUS identified areas of higher grade at Anomaly 4 (estimated at 30 million tonnes) and Anomaly 5 (estimated at 30 million tonnes) and designated them as priority targets.

Subsequent drilling in 2000 (By Angus & Ross) and by Ram in 2010-11 has confirmed the GUES data.

These target areas are considered to be Exploration Targets according to the JORC Code as there is currently insufficient information to define a Mineral Resource, and it is uncertain if further exploration will result in the determination of a Mineral Resource.