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Oro Verde Ltd.

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Summary

Project:

Makuutu

Deposit:Makuutu
Location:Uganda
Commodities:Rare Earth
Date:11/21/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:21-11-2019: Oro Verde Ltd. announces an Exploration/Drilling Update report for its Makuutu deposit at the Makuutu project. Drilling results incl. 17.2m @ 912ppm TREO from 2.22m. Oro Verde Limited (ASX: OVL) (“Oro Verde” or “the Company”) is pleased to pro
Resources:x
CP/QP:[Overall Report]: Geoff Chapman (GJ Exploration Pty Ltd.)
ABSTRACT:Oro Verde Limited (ASX: OVL) (“Oro Verde” or “the Company”) is pleased to provide drilling assay results for the first 16 holes from the 45-hole drilling program recently completed at the Makuutu Rare Earth Elements (REE) project. Commenting on the completion of the drilling program and ensuing work, Oro Verde Executive Director Dr Marc Steffens said: “These excellent results that show both high rare earth grades and also thick intersections of rare earth mineralisation, in conjunction with the ongoing metallurgical testing program, may provide upside in evaluation for an optimal mining and processing scenario for the project. Further, preliminary analysis of the data indicates that the combination of valuable rare earths used for magnets (Nd and Pr) and heavy rare earths total approximately 45% of the Rare Earth basket. We anticipate that upon receiving metallurgical testing results we will be able to demonstrate an enhanced recovered Rare Earth basket”.

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