Ann: More Positive Rare Earth Results - Ethiopia Kaolin Project, page-27

the leachability and beneficiation is the key ingredient.

consider hard rock project are 1% plus. that's 10,000ppm. if there's a low portion ionic or little it's curtains. it's actually more important that most of the REO liberate under ammonium sulphate or sodium chloride etc than it is the grade component.

additionally, it's worth reading the drill information in detail for ITM. noting that there is a clay portion of the overall intercept. essentially they suggest say 20m intercept with a small portion of the 20m is clay. If that's the case you might aswell omit the REO grade and the overall intercept as IMO the REO not in clay have very little chance of being recovered. IXR had similar high grade results in the bedrock and overburden but it doesn't recover well at all and not ionic. so the intercepts and MRE built was based only on the clay intercepts and the grade therein.

If the met results prove favourable I'll be investing. if a low amount is ionic then I'll assess but likely avoid. (ar3 has a ok portion ionic, but imho still not an economical project at current pricing.) if the recoveries under benevolent salts is not great then probably a dead rubber IMHO.

will touch base with the team here again after results come in. I'm constantly scouring for another IAC project and have people message me daily asking if I've heard of this one or that one. yet to find one that look prospective enough to warrant investing the capital all of them have broken down at the met stage. time will tell what occurs here.

"status none and not held

SF2TH