Ann: Exploration drilling commences at rare earth prospect, page-16

Hey @Zxc and anyone else who may be interested one last comment in regard to ree ann.
I reread it again last night and the penny dropped for me that it’s shaping up to be an oxide deposit. (My pain killers for my knee operation have made me more vague than usual if possible!)
What does this mean?
Oxide vs hard rock deposits- there’s a lot more efficiencies and therefore a truck load more savings to be made on Capex/Opex.
Most deposits that are mined are hard rock. There in lies our advantage.
I’ll add a link to a graph on IXR that weighs one vs the other. Obviously skewed for ixr’s deposit but you can see the advantages.
I don’t own IXR it’s purely for educational purposes.
https://ionicre.com.au/clay-vs-hardrock/
Cheers