Penny Stocks

• The study estimates an IRR of 417 per cent and is stated to be accurate to within plus or minus 10 per cent.

• RC drilling will test whether a historical copper intersection at Oakden can be verified and extended, about 15km south-southwest of the MG14 resource.

• The Horn project in Beaver County, Utah, covers about 13.2 square kilometres, and Diablo holds an 80 per cent interest.

• The gold was identified in carbonatite at the Green and Emily deposits, from a small number of holes.

• The company's priorities are finalising a binding sales agreement, completing the Tenu causeway and loading arrangements, and transferring ore to the customer's ship.

• The plant is designed to treat 12,000 tonnes per annum of monazite concentrate into a mixed rare earth intermediate, MREC.

• Hole PDR0059 returned 5m at 25.1g/t gold from 19m, and the results relate to the first 22 holes of a 35-hole, roughly 4,000m programme.