Ann: Quarterly Activities Report, page-5

correction, that should be the 30/04/2020 activity report that says
"Whilst the PFS strategy is to process onsite and ship a high grade concentrate, the
new study, which will form part of the DFS, will investigate the feasibility of the
downstream processing of 50,000 tonnes per annum of concentrate into an NdPr–
rich rare earth carbonate for export."

with 7.5% to 33.5% concentrate of NdPr, it clearly infers LYC is going to be number two.