Ann: Assays Confirm Significant Mineralisation West of Resource, page-20

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Umbramagus

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19/12/20

11:46

Post #: 49699828
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Originally posted by setfire2thehive: ↑

it is complex and took me a good 3-6months to really get my head around it.

even then I'm still drawing a few gaps on the chemistry part of it, and what I've learned over time similar to lithium is that it becomes more a chemical discussion/than it does a typical mining operation.

I always like to use the coffee analogy for rare earths. sounds stupid right but might help someone understand.

a rare earth project full of lathanides is like you having a massive pile off coffee grains all buried in the dirt. there's 16 different brands of coffee, and they all varying in quantities.

when you produce a saleable product it's basically like having those 16 different coffee brands diluted in hot water. this is you REO concentrate.

the amount of grams of total coffee grains in the total hot water is equivalent your TREO quantity in liquor. this is your concentrate grade. aka how strong is your coffee.

IXR ionic rare earth deposit means it can produce a 90% concentrate (real strong coffee) which is worth more because;

1) it's stronger (higher % REO content) and because
2) out of the 16 coffees mixed together it contains more of the top shelf brands I.e IXR has higher HREO and CREO than typical concentrate products.

also IXR due to the nature of ionic clay deposits it's actually fairly cheap and easy to process compared to peers to produce a 90% concentrate, in a strange way the rare earths are in a chemical state which makes concentration fairly simple.

hard Rock (which is every other asx rare earth play) needs complex process circuitry which is costly, and due to the nature of the hard rock rare earths host rock means usually they can only get 30-50% concentrate grade produced.

sounds like a stupid analogy but it helped me first get my head around it 12-18months ago.

SF2TH

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thanks mate appreciate it

IXR Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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