Sarissa Resources Inc (SRSR)

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129 includes niocorp and the historical. I believe but not certain that twinning is only required if the old holes weren't located, which they now have been.

Srsr holes cost a fraction of the niocorp ones because they are down to 200 meters, not 1000 meters for one.

Also, there is no word yet that additional drilling is even needed at this stage. Yes, they drilled in the wrong place, but by finding the historical drillhole collar for ddh55-10, they know with certainty the relationship between the current srsr drilling and the historical dominion gulf drilling. Doesn't make the srsr drilling invalid, and in fact, can be classed as infill drilling. I also think it might eliminate the need for any twinning requirements that had existed before ddh-55-10 collar was located. You need an intersection of at least 2 holes for drill indicated resources and one hole for inferred. The twinning was to allow for a higher confidence that the grades and intervals from the historic drilling were accurate and in relation to the old grid that was based on the location of an iron pin.

My expectation is that the location of ddh 55 10 will allow rpa to model a resource that includes both historical and current drilling data and that some of that will be in the indicated category.

I'm anticipating something along the lines of 65MT indicated and inferred at .45% instead of the 18Mt of .47% inferred resource historical estimate.

Yes, more drilling will be needed to get to a measured resource classification, but it's not needed at this stage of the game.

There's more work done on this project than you imply, but admittedly niocorp is much further along at this point.

However, the old metallurgical studies done by Lerner and CSM are not invalid. Chemistry is still chemistry whether it was 50 years ago or not. Fact is that Lerner patented extraction processes that showed it was economically feasible to extract the ore. And this was demonstrated at the pilot plant stage. The only issue is that some of the steps of the process would need to be retooled for environmental considerations. There's no guarantee that it can be done, but sgs reviewed the historical metallurgy and their work confirmed the earlier work and reported no significant barriers to extraction. Another note is that Lerner processed focused on high purity oxides, so it may need to be adjusted if they are seeking to go that route