“This will be best and probably only REE project with legs.”
…..and could be the first Brazilian IREE operation into production outside of Serra Verde because an in situ leach operation is much cheaper, easier and faster to build and permit than the complex plants that Meteoric and VMM need to build, if they ever get built.
No mining fleet or mining contractors required, or any huge leach tanks or clay washing plant either. Just some trenches, pipework, collection tanks and the final refinement (if necessary) and precipitation of the magnetic REE product.
Ann: MoU signed with Permanent Magnet Producer, page-17
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