Defense Metals Corp V.DEFN

PEA is out

[dosco]

https://www.prnewswire.com/news-releases/defense-metals-announces-positive-preliminary-economic-assessment-for-the-wicheeda-rare-earth-element-project-301431505.html

Defense Metals Announces Positive Preliminary Economic Assessment For The Wicheeda Rare Earth Element Project

[ScandiumPower]

Good results. Not excellent, but good. One interesting point is that inferred resources increased up to 29.5 million tons, indicating indicated resources and production capacity or LOM can be doubled easily wit more drilling.

[CovieNRA]

ScandiumPower: I don't think the inferred resource is included in the NPV after-tax value of $512M.  Is that correct?  Is that what you are seeing? If that is the case, then that NPV value would double if they get the inferred moved to indicated or measured.

[ScandiumPower]

Indeed, not yet included in NVP. I ment that in the near future, from this amount of inferred it is easy to upgrade great deal of resources to indicated with a well planned drilling program.