The rhyolite itself comprises the REE mineralized body. Magmas with a peralkaline composition are known to have high concentrations of incompatible elements such as U, REE, Th, and Zr.

The rhyolite magma that developed Round Top Peak probably cooled too quickly to develop a coarse-grained texture or to develop zones with high REE concentrations. A quick cooling rate would cause a fine-grained texture of the rhyolite and even distribution of the REE minerals. The rhyolite magma was saturated in fluorine, which is reflected in the high percentage of fluorine accessory minerals that are distributed throughout the rhyolite mass. As the magma cooled, fluorine saturated fluids exsolved from the crystallizing magma. These fluorine rich fluids accumulated in interstices and vugs between the earlier crystallized minerals and deposited REE minerals and other accessory minerals in the interstices. The REE deposit at Round Top Peak can be classified as quartz saturated peralkaline (A-1) granite with a rhyolitic texture and a composition similar to certain pegmatites.

REE mineralization is hosted by the Round Top Peak laccolith. The rhyolite is fine grained with a microporphyritic texture. The porphyry phenocrysts consist of alkali-feldspar with albite cores, clear quartz grains, and minor brown to clear Li-mica. Within the quartz grains or crystals, inclusions along planes of crystallization have been observed. The groundmass is aphanitic and consists of quartz, fel ........

Typical open pit mining methods will be used, ore will be transported from the pit to a crushing plant located adjacent to the leach pads. A haul road will be pioneered to the top of the mountain and mining will begin at the upper most benches and progress downward. As mining proceeds to lower benches, a haul road will remain in the high wall to allow access to catch berms and additional mining areas. The pit is designed with sufficient area to allow for two separate working benches or faces.

The very nature of how the mineralization sits above regional topography creates a mine with very little waste material or cover. As such there is no waste rock storage facility planned for this project. Any surface material overlying the mineralization within the pit area is expected to be unconsolidated colluvium which will be used as construction materials for leach pads and roads.

The rhyolite will be mined in 20 ft. benches, the recommended height for the class of loader selected. Two 12m3 wheel loaders will load 90 tonne haul trucks to reach a daily production rate of 20,000 tonnes. The general site layout, including pits, waste dumps, infrastructure, ponds, and heap leach pads.

The initial 20-year pit was designed based on the configuration of the rhyolite laccolith. The initial 20-year pit was designed to keep all the mining to the northwest portion of Round Top. It was decided to mine this area first due to the highest drilling density in this ar ........

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