final results from follow up sampling at motzfeldt prospects · 2012-01-12 · a complete set of...

10
Ram Resources Limited ABN 23 108 456 444 45 Ventnor Avenue, West Perth, Western Australia 6005 PH +618 9389 4422 Email: [email protected] Web: www.ramresources.com.au 1 Final Results From Follow Up Sampling At Motzfeldt Prospects Announcement 13 January 2012 Highlights 76 rock chip samples acquired over the Merino and Romney Prospects; Best rock chip sample assay from the Merino Prospect of 6,051 ppm Nb 2 O 5 , 757 ppm Ta 2 O 5 , 3.1% ZrO 2 and 1.08% Total Rare Earth Oxides (“TREO”); Heavy Rare Earth Oxide (“HREO”) content at Merino averages 18.5% with best of 27.7%; 18 (of 53) samples on Merino have grades of >1,000 ppm Nb 2 O 5 ; Best rock chip sample assay from the Romney Prospect of 6,165 ppm Nb 2 O 5 , 1,172 ppm Ta 2 O 5 , 6254 ppm ZrO 2 and 0.26% TREO; Grades of potentially economic interest for Niobium, Tantalum and REEs confirmed across both targets, with good grades seen over a strike of 1 km at Merino. Ram Resources Limited (“Ram” or “the Company”) is pleased to provide final laboratory results from follow up exploration work at the Merino and Romney Prospects, which are part of its larger Motzfeldt Project in South Greenland. The Company had previously released preliminary results (based on field XRF analysis) on 31 August 2011. Ram currently holds 51% of the Motzfeldt Project, with the right to move to 100%. Merino and Romney Prospects Romney is located in the Lejrelev Valley, about 3.5 km to the west of the Aries Prospect. Merino forms a steep-sided ridge at the north-eastern end of this valley, about 2.5 km to the north-north-west of Aries. These prospects lie within the central sub-area of Exploration Licence 2010/46 (See Figures 1 and 2). The prospectivity of the Merino and Romney exploration targets were first identified during exploration carried out by the Greenland Geological Survey (“GGU”) in the 1980s. This work was followed up by Angus and Ross Plc in 2005-6 who conducted some limited ad-hoc surface sampling. Ram believes that, based on the historical work and their close proximity to the Aries Prospect, both areas were worthy of further systematic surface sampling and ground radiometric surveys. This work was carried out during the 2011 field season in July and August 2011. Rock chip surface sampling was carried out on profiles along the valley floor or sides at Romney, and along the ridge at Merino. A total 76 outcrop samples were taken in total, 53 on Merino and 23 on Romney. Highlights of the results are shown in Tables 1 and 2 below. For personal use only

Upload: others

Post on 21-Jan-2020

3 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Ram Resources Limited ABN 23 108 456 444

45 Ventnor Avenue, West Perth, Western Australia 6005 PH +618 9389 4422 Email: [email protected] Web: www.ramresources.com.au

1

Final Results From Follow Up Sampling At Motzfeldt Prospects

Announcement 13 January 2012

Highlights

76 rock chip samples acquired over the Merino and Romney Prospects;

Best rock chip sample assay from the Merino Prospect of 6,051 ppm Nb2O5, 757 ppm Ta2O5, 3.1% ZrO2 and 1.08% Total Rare Earth Oxides (“TREO”);

Heavy Rare Earth Oxide (“HREO”) content at Merino averages 18.5% with best of 27.7%;

18 (of 53) samples on Merino have grades of >1,000 ppm Nb2O5;

Best rock chip sample assay from the Romney Prospect of 6,165 ppm Nb2O5, 1,172 ppm Ta2O5, 6254 ppm ZrO2 and 0.26% TREO;

Grades of potentially economic interest for Niobium, Tantalum and REEs confirmed across both targets, with good grades seen over a strike of 1 km at Merino.

Ram Resources Limited (“Ram” or “the Company”) is pleased to provide final laboratory results from follow up exploration work at the Merino and Romney Prospects, which are part of its larger Motzfeldt Project in South Greenland. The Company had previously released preliminary results (based on field XRF analysis) on 31 August 2011. Ram currently holds 51% of the Motzfeldt Project, with the right to move to 100%.

Merino and Romney Prospects

Romney is located in the Lejrelev Valley, about 3.5 km to the west of the Aries Prospect. Merino forms a steep-sided ridge at the north-eastern end of this valley, about 2.5 km to the north-north-west of Aries. These prospects lie within the central sub-area of Exploration Licence 2010/46 (See Figures 1 and 2). The prospectivity of the Merino and Romney exploration targets were first identified during exploration carried out by the Greenland Geological Survey (“GGU”) in the 1980s. This work was followed up by Angus and Ross Plc in 2005-6 who conducted some limited ad-hoc surface sampling. Ram believes that, based on the historical work and their close proximity to the Aries Prospect, both areas were worthy of further systematic surface sampling and ground radiometric surveys. This work was carried out during the 2011 field season in July and August 2011. Rock chip surface sampling was carried out on profiles along the valley floor or sides at Romney, and along the ridge at Merino. A total 76 outcrop samples were taken in total, 53 on Merino and 23 on Romney. Highlights of the results are shown in Tables 1 and 2 below.

For

per

sona

l use

onl

y

Page 2: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Ram Resources Limited ABN 23 108 456 444

45 Ventnor Avenue, West Perth, Western Australia 6005 PH +618 9389 4422 Email: [email protected] Web: www.ramresources.com.au

2

Table 1: Surface Sample Results Highlights –Merino Prospect

Sample Id

Easting mE

Northing mN

Nb205 PPM

Ta205 PPM

Zr02 %

TREO PPM

%HREO &Y203

671609 501499 6786053 3,233 452 1.35% 5,407 26.7%

671611 501499 6786077 3,018 415 1.40% 4,524 27.7%

671616 501577 6786162 4,005 574 2.12% 6,992 25.7%

671624 501716 6786285 6,051 757 3.10% 10,776 24.0%

671641 499151 6784435 4,447 794 2.28% 8,021 25.3%

Average for 53 samples 1,291 127 0.54% 2,995 18.5% LREO = (La,Ce,Pr,Nd,Sm), HREO = (Eu,Gd,Tb,Dy,Ho,Er,Yb,Lu,Y), TREO = LREO+HREO

Nb, Ta & Zr analysed by pressed pellet XRF, REEs analysed by ICP-MS

The best results are found on the lower third of the profile at Merino, with high grades found over a distance of about 400 m and apparently remaining open to the southwest. The best results are 6,051 ppm Nb2O5 and 757 ppm Ta2O5, and 4447 ppm Nb2O5 and 794 ppm Ta2O5 in two samples. The distribution of high ZrO2 and REO grades closely follows that of Nb2O3 and Ta2O2, with the most consistent area of high grades being at the south-western end of the Merino profile. See Figures 3 and 4. A complete set of assay results for the REOs, Nb, Ta, and Zr at Merino is contained in Appendix 1.

Table 2: Surface Sample Results Highlights –Romney Prospect

Sample Id

Easting mE

Northing mN

Nb205 PPM

Ta205 PPM

Zr02 %

TREO PPM

%HREO &Y203

671676 500496 6785460 6165 1172 0.62% 2573 13.89

671677 500434 6785442 2031 317 0.39% 3522 10.13

671678 500397 6785432 1495 232 1.28% 3578 12.48

671807 499852 6785103 4020 366 2.1% 11215 17.38

671815 499000 6784464 1752 256 1.04% 4784 25.07

Average for 23 samples 1010 138 4086 2702 15 LREO = (La,Ce,Pr,Nd,Sm), HREO = (Eu,Gd,Tb,Dy,Ho,Er,Yb,Lu,Y), TREO = LREO+HREO

Nb, Ta & Zr analysed by pressed pellet XRF, REEs analysed by ICP-MS

A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2.

Assay grades at Romney are generally lower than at Merino, however a cluster of high grades for all minerals of interest are seen at the south-western end of Romney. See Figures 3 and 4. Increased REO grades are seen at the north-eastern end of the Romney profile and at the south-western end of the Merino profile, suggesting that mineralisation may occur within 1 km between these locations. It was not possible to sample this area due to outcrop being covered by scree and float.

For

per

sona

l use

onl

y

Page 3: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Ram Resources Limited ABN 23 108 456 444

45 Ventnor Avenue, West Perth, Western Australia 6005 PH +618 9389 4422 Email: [email protected] Web: www.ramresources.com.au

3

Compared to Aries, where alteration is very intense, Merino and Romney show lesser degrees of alteration. Romney also shows a slight increase in the presence of peralkaline microsyenite dykes (known to be REE-bearing elsewhere in Ram’s licences) and pegmatites. It is of significance that several high grade samples are from relatively unaltered nepheline syenites and syenites, suggesting that mineralisation is not restricted to intense alteration as found at Aries.

Figure 1: Target Locations Exploration Licence 2010/46

For

per

sona

l use

onl

y

Page 4: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Ram Resources Limited ABN 23 108 456 444

45 Ventnor Avenue, West Perth, Western Australia 6005 PH +618 9389 4422 Email: [email protected] Web: www.ramresources.com.au

4

Figure 2: Photo taken from Romney facing northeast. Merino is the ridge in the centre of the picture. Cliff on the left is the Romney upper zone of mineralisation.

Preliminary vs Final Results

As noted above, the Company released its preliminary results for the Merino and Romney Prospects on 31 August 2011, which were based on field assays using an Innov-x Delta 50 XRF on crushed samples.

These results were regarded as preliminary firstly due to the limitation of the Delta 50 XRF which is only able to provide results for Light REEs excluding Samarium and, secondly, the greater fineness of crushing and milling in a laboratory provides improved results. Laboratory analysis is also better controlled, and ICP-MS analysis for REEs is more accurate than XRF. Thus it was expected that the laboratory assays could be used with greater confidence than the field assays. Generally however the correlation between the field assays and the laboratory assays were good.

The results presented here in have been generated by analysis using lithium metaborate fusion followed by ICP-MS for REEs, which provided a full suite of REE results. Grades for Ta, Nb and Zr have been obtained by pressed pellet XRF analysis.

Laboratory XRF analysis for Nb shows very good correlation to field XRF results, although the laboratory results are generally 20% higher.

Laboratory XRF analysis for Ta shows reasonable correlation to field XRF results at lower grades up to around 100 ppm. Above this, the correlation becomes weaker. Laboratory results are on average 25% or more above field XRF results.

Merino

For

per

sona

l use

onl

y

Page 5: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Ram Resources Limited ABN 23 108 456 444

45 Ventnor Avenue, West Perth, Western Australia 6005 PH +618 9389 4422 Email: [email protected] Web: www.ramresources.com.au

5

Laboratory XRF analysis for Zr shows good correlation to field XRF except at extremely high grades.

Overall the comparison between field and laboratory analysis has shown that the use of XRF on crushed samples in the field can provide data that is reliable enough for confident real-time target generation and follow-up during a single field season, without the lengthy wait for laboratory results.

Summary

Rock chip sampling on the Merino and Romney Prospects during the 2011 field season has proved the presence of mineralisation for the targeted elements of Ta2O2, Nb2O2, ZrO2 and REOs. In both prospects there are zones of higher grade mineralisation that merit further investigation. Ram Resources’ Managing Director Mike Drew comments: “We are very pleased to confirm these new targets, and it is encouraging that attractive grades can still be found in rocks away from the main Aries target and, importantly, in lithologies that are less altered than those at Aries. This suggests that mineralisation can be found away from the major hydrothermal event that appears to have enriched mineralisation at Aries, thus increasing the prospectivity of the Motzfeldt Project as a whole, and opening up new targets that may have been overlooked by previous explorers”.

Glossary

REE Rare Earth Elements (REO = Rare Earth Oxides)

TREO Total Rare Earth Oxides (HREO+LREO)

LREO Light Rare Earth Oxides - comprising oxides of La,Ce,Pr,Nd,Sm

HREO Heavy Rare Earth Oxides - comprising oxides of Eu,Gd,Tb,Dy,Ho,Er,Yb,Lu,Y

PPM Parts per million (10,000 ppm = 1%, or 1 ppm = 1 g/t)

Nb205 Niobium (Nb) Pentoxide

Ta205 Tantalum (Ta) Pentoxide

Zr02 Zirconium (Zr) Oxide

XRF X-Ray Fluorescence

ICP-MS Inductively Coupled Plasma Mass Spectrometry

For further information please contact:

Mike Drew

Managing Director

+61 417 969 995

[email protected]

David Tasker / James Harris

Professional Public Relations

+618 9388 0944

[email protected]

[email protected]

For

per

sona

l use

onl

y

Page 6: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

MOTZFELDT, SOUTH GREENLANDJAN 2012

RESULTS FOR NIOBIUM PENTOXIDEON THE ROMNEY AND MERINO TARGETS

N

\.wor

R O M

N E

Y

M E

R I

N O

A R I E S

V O S

K O

P

21

kilometers

0

2011 Rock Sample ResultsNb2O5, ppm

10,000 to 15,000

5,000 to 10,000

2,000 to 5,000

1,500 to 2,000

1,000 to 1,500

500 to 1,000

0 to 500

2010/46 Licence Boundary

EL2011/24 Licence Boundary

Aries Drilling Area

1:50,000

FIG. 3

For

per

sona

l use

onl

y

Page 7: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

MOTZFELDT, SOUTH GREENLANDJAN 2012

RESULTS FOR TOTAL RARE EARTH OXIDESON THE ROMNEY AND MERINO TARGETS

N

\.wor

R O M

N E

Y

M E

R I

N O

A R I E S

V O S

K O

P

21

kilometers

0

2011 Rock Sampling ResultsTREO+Y2O3, ppm

10,000 to 15,000

7,500 to 10,000

5,000 to 7,500

3,000 to 5,000

1,500 to 3,000

0 to 1,500

EL2010/46 Licence Boundary

EL2011/24 Licence Boundary

Aries Drilling Area

1:50,000

FIG. 4

For

per

sona

l use

onl

y

Page 8: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Ram Resources Limited ABN 23 108 456 444

45 Ventnor Avenue, West Perth, Western Australia 6005 PH +618 9389 4422 Email: [email protected] Web: www.ramresources.com.au

6

Competent Persons Statement

The information in this announcement relating to exploration results is based on information reviewed and compiled

by James Gilbertson of SRK Exploration Services Ltd. who is a Chartered Geologist. Mr Gilbertson has sufficient

relevant experience in the style of mineralisation and type of deposit under consideration to qualify as a Competent

Person as defined in the 2004 Edition of the „Australasian Code for Reporting of Exploration Results, Mineral

Resources and Ore Reserves‟. Mr Gilbertson consents to the form, presentation and context of results and

supporting information in this report.

Forward Looking Statements & Disclaimer

This document contains certain statements, which may constitute “forward looking statements”. Such statements are

only predictions and are subject to inherent risks and uncertainties, which could cause actual values, results,

performance achievements to differ materially from those expressed, implied or projected in any forward-looking

statements.

Estimates of mineral potential set out in this document are conceptual in nature and are not based on a Mineral

Resource. It should be noted that there is currently insufficient information to define a Mineral Resource for the

Aries prospect and it is uncertain if further exploration will result in the determination of a Mineral Resource and

potential quantity and grade is conceptual in nature.

Mining of Radioactive Minerals in Greenland

The Government of Greenland currently imposes a ban on the exploration and exploitation of radioactive elements

where these occur at “above background levels” (as they do at the Aries Prospect). This prohibition includes mining

of these elements as by-products. Background levels for the alkaline complexes in which the Motzfeldt

mineralisation occurs has been stated by the Minister for Industry & Resources to be up to 60 ppm, average

concentrations at the Aries Prospect are 80 to 100 ppm uranium and 100 to 120 ppm thorium. As it stands this law

would prohibit mining at the Motzfeldt Project.

The Greenland government is promoting debate through a process of public consultation on the issue of mining

uranium and other radioactive elements. Support for a change in policy has come from the South Greenland

Municipal Council, major labour unions and some political parties. In October 2010, the Greenland government

amended its Standard Conditions for Mineral Licences to allow companies that have delineated a resource that falls

into this category to apply for approval to conduct feasibility, environmental and community studies into projects

that contain radioactive elements at above background levels. As a further indication of a possible change in policy

the Greenland Government agreed in December 2011 to amend the conditions of an exploration licence held by

Greenland Minerals and Energy Ltd (“GGG”) to include radioactive elements. This change may give GGG the

ability to apply for an Exploitation Licence that includes minerals such as uranium. The Company understands

however that the extraction ban for now remains in place.

For

per

sona

l use

onl

y

Page 9: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Appendix 1

Ram Resources LimitedMerino Prospect Rock chip Surface sample resutls 2011 Exploraion Licence 2010/46

Nb2O5 Ta2O5 ZrO2 Th U La2O3 Ce2O3 Pr2O3 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb2O3 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 TREOREO+Y2O3 % HREOmE mN ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

Merino 671608 501447 6785920 243 12 631 20 11 65 145 12 38 7 0 6 1 4 1 2 0 2 0 40 283 323 17.8Merino 671609 501499 6786053 3233 452 13494 80 19 1324 2403 220 686 131 10 137 25 161 36 122 20 115 18 1097 5407 6504 26.7Merino 671610 501499 6786077 1040 134 6470 39 13 579 1107 101 325 63 4 61 11 75 16 53 8 54 8 510 2467 2977 26.9Merino 671611 501499 6786077 3018 415 14048 104 22 1079 2008 183 582 109 8 113 21 137 32 105 18 111 17 958 4524 5482 27.7Merino 671612 501519 6786072 2625 391 9104 167 38 1520 2590 222 656 96 6 91 16 92 22 72 12 75 12 641 5481 6122 17.0Merino 671613 501526 6786104 1988 147 11036 107 41 930 1827 204 668 100 10 96 18 106 22 63 9 61 8 597 4120 4717 21.0Merino 671614 501552 6786134 771 73 3336 84 18 511 993 121 408 54 5 50 7 39 7 21 3 18 3 207 2240 2447 14.7Merino 671615 501567 6786141 1609 183 6876 61 20 685 1248 140 442 64 6 63 12 71 16 49 7 50 8 454 2859 3313 22.2Merino 671616 501577 6786162 4005 574 21208 90 40 1605 2988 328 1065 169 15 178 36 220 48 150 21 150 21 1294 6992 8286 25.7Merino 671617 501610 6786194 319 12 758 34 13 209 359 43 142 18 1 16 3 12 2 5 1 4 1 73 815 888 13.2Merino 671618 501636 6786212 860 73 4147 67 34 300 517 61 187 28 2 26 4 25 5 15 2 13 2 162 1188 1350 19.0Merino 671619 501655 6786223 312 24 1283 19 10 149 290 36 123 18 3 16 3 13 2 7 1 5 1 71 667 738 16.6Merino 671620 501644 6786239 831 61 4012 66 22 495 708 97 325 45 4 43 7 39 8 23 3 20 3 234 1820 2054 18.7Merino 671621 501674 6786255 771 61 2046 63 34 308 577 68 216 27 2 25 4 18 4 10 1 9 1 104 1269 1372 12.9Merino 671622 501683 6786278 791 61 3242 62 21 478 831 93 292 43 4 41 7 39 8 23 3 22 3 231 1886 2117 18.0Merino 671623 501707 6786265 1110 73 4417 96 38 442 734 102 335 54 4 51 9 49 9 27 4 26 4 273 1850 2123 21.5Merino 671624 501716 6786285 6051 757 31068 151 73 2463 4670 513 1661 250 22 258 53 330 71 216 31 210 29 1798 10776 12574 24.0Merino 671625 501705 6786304 260 12 697 98 12 253 378 55 188 27 3 26 3 18 3 8 1 6 1 112 969 1081 16.6Merino 671626 501765 6786325 429 24 967 61 11 217 401 46 157 20 2 19 3 13 2 6 1 5 1 80 893 973 13.4Merino 671627 501766 6786344 385 24 740 101 12 345 645 79 244 30 2 28 4 21 3 8 1 6 1 122 1417 1539 12.8Merino 671628 501792 6786348 310 12 975 126 11 278 458 51 159 20 2 18 2 11 2 5 1 4 1 80 1012 1092 11.5Merino 671629 501792 6786348 323 12 1002 204 14 411 658 71 217 27 2 23 3 13 2 5 1 4 1 87 1439 1526 9.2Merino 671630 501787 6786362 1057 73 5444 146 22 626 1205 134 419 65 6 60 10 64 13 38 5 37 5 406 2687 3093 20.8Merino 671631 501808 6786358 2274 147 11820 465 73 1330 2371 287 882 134 11 124 21 116 25 68 10 61 9 698 5449 6146 18.6Merino 671632 501808 6786362 451 37 1302 29 20 184 372 46 160 25 3 22 4 18 4 10 1 9 1 104 861 965 18.4Merino 671633 501828 6786366 742 24 3215 216 35 448 784 90 298 44 4 39 6 31 5 15 2 11 1 218 1778 1995 16.6Merino 671634 502001 6786514 667 37 829 78 24 170 295 35 119 17 1 16 2 11 2 5 1 5 1 94 681 776 17.9Merino 671635 502017 6786507 639 49 1844 61 13 412 761 94 314 40 4 37 6 31 6 18 2 19 3 189 1748 1937 16.3Merino 671636 502026 6786520 725 61 3418 125 19 468 922 104 368 53 5 52 9 51 11 29 4 25 4 300 2106 2407 20.4Merino 671637 502043 6786516 818 73 4647 143 23 537 986 120 383 59 5 53 9 47 10 28 4 28 4 286 2274 2560 18.5Merino 671638 502048 6786528 954 73 3539 149 29 924 1593 161 512 61 5 60 8 49 9 26 3 25 3 290 3440 3730 12.8Merino 671639 499115 6784399 923 85 4079 50 27 231 446 50 176 26 3 27 5 30 7 22 4 28 5 217 1059 1276 27.2Merino 671640 499130 6784416 711 37 2296 69 19 201 391 44 149 22 2 22 4 20 4 14 2 17 3 148 894 1041 22.5Merino 671641 499151 6784435 4477 794 22829 230 86 1807 3461 387 1225 191 17 193 38 249 56 173 26 171 26 1449 8021 9470 25.3Merino 671642 499175 6784443 803 73 3472 79 23 301 571 63 203 32 3 30 6 36 7 25 4 25 4 217 1311 1528 23.4Merino 671643 499195 6784461 1917 354 10307 39 13 880 1626 179 567 87 9 91 19 121 28 88 13 87 12 740 3808 4548 26.6Merino 671644 499220 6784476 917 110 4201 54 17 434 818 92 306 44 4 44 8 49 10 32 5 32 5 281 1882 2163 21.7Merino 671645 499236 6784503 748 98 5241 79 14 738 1434 170 579 81 7 71 12 66 14 39 5 33 5 343 3253 3595 16.5Merino 671646 499269 6784546 581 49 1986 36 11 422 873 109 384 51 4 44 7 32 6 16 2 12 2 162 1963 2125 13.5Merino 671647 499529 6784713 2875 305 13508 184 85 1464 2818 334 1147 165 13 151 23 117 23 63 8 53 8 676 6386 7062 16.1Merino 671648 499556 6784725 243 24 1118 29 6 195 390 46 167 24 3 22 4 17 3 9 1 7 1 99 890 989 16.8Merino 671649 499556 6784725 355 37 1425 44 10 220 432 51 181 24 3 20 3 16 3 8 1 7 1 94 972 1067 14.8Merino 671662 502058 6786539 631 61 4066 131 14 327 674 82 280 43 5 40 7 42 8 24 3 21 3 254 1561 1815 22.4Merino 671663 502094 6786565 512 37 2222 70 13 249 530 66 245 36 3 34 6 28 6 16 2 14 2 166 1236 1402 19.7Merino 671664 502103 6786568 1034 73 4687 202 24 815 1603 193 657 96 8 84 13 65 13 36 4 30 4 376 3621 3997 15.8Merino 671665 502136 6786596 758 61 3958 78 17 536 981 117 386 53 5 47 8 41 9 23 3 23 3 277 2237 2513 17.5Merino 671666 502165 6786626 658 24 1891 183 21 358 643 76 246 33 3 27 4 18 3 9 1 7 1 118 1430 1548 12.4Merino 671667 502182 6786662 655 49 4606 131 12 652 1185 135 435 58 5 60 9 53 10 31 4 28 4 318 2670 2989 17.5Merino 671668 502215 6786694 1917 110 6754 100 71 856 1598 179 572 80 7 70 12 65 13 37 5 35 5 401 3534 3935 16.5Merino 671669 502263 6786740 669 61 3404 55 14 426 833 104 349 50 4 45 7 35 7 20 3 20 3 200 1904 2105 16.3Merino 671670 502279 6786758 1810 134 6484 343 31 956 1724 202 657 96 8 93 16 93 19 53 7 46 6 528 3975 4503 19.3Merino 671671 502281 6786769 1745 0 817 15594 103 1973 2432 216 576 56 5 60 9 42 7 17 2 9 1 325 5403 5729 8.3Merino 671672 502313 6786791 46 0 92 41 1 23 43 5 18 4 1 4 0 3 1 1 0 1 0 15 104 119 21.7

Count 53 Average 1219 127 5416 399 27 638 1157 129 416 61 5 59 10 60 13 38 5 36 5 362 2632 2995 18.5

Target SampleNoWGS84 UTM Zone 23N

For

per

sona

l use

onl

y

Page 10: Final Results From Follow Up Sampling At Motzfeldt Prospects · 2012-01-12 · A complete set of assay results for the REOs, Nb, Ta, and Zr at Romney is contained in Appendix 2. Assay

Appendix 2Ram Resources LimitedFinal Assay Results for Romney Prospect Exploraion Licence 2010/462011 Field Season

Nb2O5 Ta2O5 ZrO2 Th U La2O3 Ce2O3 Pr2O3 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb2O3 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 TREOTREO+Y2O3 % HREOmE mN ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm

Romney 671673 500606 6785493 431 37 3350 121 14 729 1474 171 581 75 5 65 10 49 9 25 3 18 3 232 3217 3449 12.14Romney 671674 500567 6785472 438 61 2891 124 14 1056 2122 246 815 103 6 88 13 61 11 29 3 21 3 268 4576 4845 10.39Romney 671675 500529 6785473 565 49 7619 120 31 849 1738 201 668 88 6 79 12 59 12 30 4 28 4 288 3778 4067 12.84Romney 671676 500496 6785460 6165 1172 6254 87 390 531 1098 128 405 53 4 47 7 39 8 23 3 21 3 203 2369 2573 13.89Romney 671677 500434 6785442 2031 317 3904 99 105 769 1569 181 573 74 5 63 9 43 8 20 3 16 2 187 3335 3522 10.13Romney 671678 500397 6785432 1495 232 12792 120 72 771 1549 175 563 74 5 64 10 53 10 30 4 25 4 242 3337 3578 12.48Romney 671679 500376 6785417 316 37 1412 23 7 150 303 37 128 17 2 15 2 12 2 6 1 6 1 62 684 746 14.81Romney 671801 500202 6785384 409 49 1803 47 8 252 585 82 320 68 9 58 10 50 9 19 2 15 2 184 1481 1665 21.47Romney 671802 500162 6785358 781 85 2985 34 15 228 455 52 174 25 3 21 4 23 5 15 2 15 3 159 1024 1183 21.03Romney 671803 500083 6785324 634 73 3039 44 12 560 1111 132 424 59 5 49 8 41 8 21 3 18 3 189 2440 2629 13.10Romney 671804 500015 6785280 1210 183 5390 78 31 520 1026 120 399 62 5 62 11 67 13 36 5 29 4 287 2360 2648 19.66Romney 671805 499955 6785164 300 24 1110 59 11 612 1218 145 487 60 5 48 7 31 6 14 2 9 1 149 2645 2794 9.75Romney 671806 499877 6785125 279 24 1104 49 8 494 1057 126 435 57 5 47 7 31 6 14 2 11 2 147 2292 2438 11.07Romney 671807 499852 6785103 4020 366 21072 542 131 2399 4516 501 1614 236 18 209 35 206 39 110 14 96 13 1209 10007 11215 17.38Romney 671808 499776 6785058 179 12 324 9 2 157 367 48 177 24 2 19 3 12 2 5 1 5 1 51 824 875 11.52Romney 671809 499685 6785021 252 24 1054 27 7 258 507 60 211 29 4 25 4 19 4 9 1 7 1 96 1139 1235 13.78Romney 671810 499092 6784745 401 24 1972 59 15 461 851 98 318 39 4 36 5 25 5 13 2 11 2 133 1869 2002 11.74Romney 671811 499075 6784698 268 12 1046 34 10 210 426 53 177 23 2 19 3 13 2 6 1 7 1 70 942 1013 12.33Romney 671812 499074 6784651 333 49 1641 24 4 192 385 46 163 25 4 24 4 26 5 15 2 16 2 147 910 1057 23.26Romney 671813 499104 6784545 253 24 932 20 7 137 289 36 127 19 3 14 2 12 2 6 1 4 1 59 652 711 14.66Romney 671814 499032 6784560 133 12 531 9 2 96 205 27 100 15 3 11 2 9 1 4 0 3 1 43 476 519 14.68Romney 671815 499000 6784464 1752 256 10374 67 32 945 1746 192 607 94 9 96 19 124 27 83 12 83 11 735 4049 4784 25.07Romney 671816 498950 6784400 591 37 1385 87 28 616 1099 138 448 55 4 43 6 24 4 10 1 7 1 130 2458 2588 8.92

No Sample 23 Average 1010 138 4086 82 42 565 1117 130 431 60 5 52 8 45 9 24 3 20 3 229 2472 2702 15

SampleNoWGS84 UTM Zone 23N

Target

For

per

sona

l use

onl

y