Halloysite drilling to commence this week

Today, RAS announced that its maiden air core drilling program would commence at its WA halloysite project, right next door to Latin Resources’ Halloysite-Kaolin deposit which has a 207 million tonne inferred mineral resource.

The 60 hole, ~1,750m drilling program is set to be done on a ~400m strike zone right along the border of RAS and Latin Resources’ grounds. The ultimate aim of the drilling program will be to delineate a maiden JORC resource over RAS’s grounds.

Drilling is expected to commence on Wednesday (23 March).

We set the drilling of RAS’s halloysite project as objective #1 in our 2022 Investment Memo for what we want to see RAS achieve this year. With drilling now expected to commence in the coming days we will be watching to see the results.

To see what else we want to see RAS achieve in 2022 and why we continue to hold RAS in our portfolio, check out our 2022 Investment Memo here.