Unfortunately they haven't provided us the mass of MREC made, but have provided the mass and head grade of the feed. Without the MREC mass, we can't work out what the downstream recovery of rare earths was to get a MREC at saleable grade of 51% TREO. So it doesn't answer the technical risk around being able to make saleable MREC, because you can make saleable MREC if you are willing to lose a lot of rare earths in the process..
1 kg in at 2595 ppm TREO, ??? g MREC out at 51.8% TREO.
I will wait on the sidelines for the bulk 1 tonne program to see how they go as I am still not confident they can get the downstream to work yet.
@ozbucheron you may find this announcement of interest.
HRE Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
