Lynas have a 5% TREO resource, the average grade through the mill is 10%. This upgrades 4x to a c. 40% concentrate.
A 30% upgrade to 2000ppm TREO ore like you suggest is meaningless. A hypothetical con for DSO will need to be close to 40% to interest any domestic offtakers, so VMS need to be looking at a 200x upgrade which could be a challenge.
OD6 have released benefication test work on their regolith hosted deposit, which could be analogous to Brothers. They report 1-2x upgrades from screening of coarse gangue.
As you say, all speculation but with the lack of published met and mineralogy it’s all you can do.
Printing of Shares, page-32
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