An exploration program designed to achieve rapid advancement of the Cummins Range rare earth oxide (REO) project is planned to commence shortly upon completion of permitting expected by late July 2011. The programs will have five main objectives: 1. Upgrade the existing JORC Inferred Resource to Indicated status. 2. Extend and expand the existing mineral resource, in particular to the west, the northwest and north of current drill coverage where high‐grade REO mineralisation remains open. 3. Allow the collection of additional samples of high‐grade REO mineralisation in order to advance metallurgical testwork 4. Explore the carbonatite for repeat REO deposits of similar style to the existing Cummins Range mineral resource. 5. Assess the entire tenement for other intrusive related REO mineralisation, including potential repeats of Cummins Range‐style mineralisation.
so going be awhile till we get drill results still with NAV now saved from collaspe cummins range agreement will stay in place KRE has the funds .. the above is what will happen in the short term
KRE Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held