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1.2¢ ionic rare earths limited

Late Second half of the year Demo Plant, setup in two Stages...

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roblun

5,120 Posts.

2099

16/05/24

01:51

Post #: 73846531
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Late Second half of the year

Demo Plant, setup in two Stages

Phase 1

Phase 2

Originally posted by T2CupAndHandle: ↑

The updated DFS with DRA global should go a long way to answering the Makuutuu viability question defintively. They now have a larger portion in indicated so they can input a larger throughput > 5 mtpa into the study and get the DFS past ASX (who don't like to see inferred resources in the early mine plan for eng studies). They will also have more robust met data from this demo plant. But that could honestly go either way in the Ugandan shed demo plant vs the DFS 1 testwork based on ANSTO pristine lab testing. Hopefully they continue the newsflow on the demo plant - leach recoveries, acid consumption rates, downstream recoveries, full MREC specifications would be nice to see.

Anyone have timelines on when Makuutuu DFS 2 is due?

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IXR Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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