Uganda’s Nankoma is dormant and Makuutu is ion adsorption clay (IAC) on Uganda’s comparatively rather shallow groundwater table. In-situ leaching of the deposit with ammonium sulphate solution will not only poison the groundwater. Similar to China’s Bayan Obo problem with polluted radioactive groundwater assumed to be seeping slowly towards the Yellow River, northern China’s prime water resource, Lake Victoria, one of Africa’s main water resources, could be at risk from in-situ leaching of IAC in Makuutu. Alternative tank-leaching will kill the project commercially.
From rare earth observer. Not sure how accurate this is.
IXR Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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