Ann: Encouraging Mineralogy Results at Ambato, page-24

A nice comparison and a little info in the below article from Palisade Research:

https://palisade-research.com/demand-in-rare-earth-elements-set-to-increase-2600/

"While not on the radar of many investors, REEs are poised with lithium and cobalt to face significant supply shocks in the evolving electric vehicle market. Rare earths are used in electric-motor magnets and represent 8% of the total motor cost today.
Researchers at MIT expect demand for certain REEs to sky-rocket by 2,600% over the next eight years. This supply crunch will be exaggerated by the fact that REEs are highly controlled by the Chinese, and that there are significant timelines to production."

"...a high-grade deposit has a resource that is greater than 2% TREO, while a world-class deposit is greater than 5% TREO."​

So taking Palisade's Research as a indication:​

T

he samples collected shows there is something worth further exploring, especially at

Ankazohambo prospect ​

(Of course these are only Rock Chips) ​

From the recent current announcement on 4th May we can see below already some very nice grades, ​

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Also more in detail in the 29th March announcement:​

"Twenty-eight rockchip samples collected by Tana on the Ankazohambo prospect in 2010 returned TREO grades of between 0.14% and 40.8% with a median grade of 3.95% (Appendix 1).  The results confirm earlier sampling conducted by the Kiev National University in 2008 and the German Federal Institute of Geology and Raw Materials (BGR) in the 1980’s."​

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