LYC 1.16% $6.98 lynas rare earths limited

Yeh I didn't make that as clear as I should have. Also need to...

  1. 956 Posts.
    lightbulb Created with Sketch. 122
    Yeh I didn't make that as clear as I should have. Also need to make it clear that Ionic is the company doing the research and ionic is part of the description in CLQs proprietary filtration process. Probably best described by reference from last annual report.

    " The ongoing development and commercialisation of the Company’s proprietary Continuous Ionic Filtration (‘CIF®’) and Macroporous Polymer Adsorption (‘MPA®’) resin technologies for application in the purification and recycling of industrial and mining waste waters (‘Water Division’); and,  The ongoing development and use of the Clean-iX® resin technology for application in the extraction and purification of a range of resources in the mining industry including base metals, precious metals and rare earth elements and through the development of the Consolidated Entity’s Syerston Project in New South Wales (‘Metals Division’)."

    I have no knowledge of its use or any trials in processing rare earths other than the the initial $60m odd project to extract scandium, dumped in preference for a larger cobalt nickel sulphate project with Sc as a byproduct. I think Carbine are going to use both processes in Mt Morgan to clean water going back into the Dee and extracting gold and pyrite from tailings. This will serve as an indication to future commercial applications and particularly rare earths where concentrations are relatively low.

    In respect to LYC I would expect them to be watching this space and Ionic's research out of interest only as neither has been tested in the field in a large scale commercial application.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.98
Change
0.080(1.16%)
Mkt cap ! $6.524B
Open High Low Value Volume
$6.91 $7.00 $6.90 $36.21M 5.198M

Buyers (Bids)

No. Vol. Price($)
1 56 $6.97
 

Sellers (Offers)

Price($) Vol. No.
$6.99 175914 10
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
$6.97
  Change
0.080 ( 0.67 %)
Open High Low Volume
$6.93 $7.00 $6.90 639194
Last updated 15.59pm 16/05/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.