General discussion (MEI), page-3425

Speaking to *, Alvo MD Rob Smakman says proving up a resource is complicated, but with the right geological setting, the right approach and the right people in place, there’s plenty of opportunity to do it well.

“You can have clay-hosted REE projects but often they’re not easy to extract. That’s where the ionic process comes in – a simpler extraction technique that is pivotal for capital expenditure metrics to get these types of projects off the ground,” Smakman says.

“While they definitely help, it’s often not all about the grades themselves, it’s about the size of the deposit and its extractability. You’d rather have a large, low-grade deposit that’s easy to extract than vice versa.”

Besides Bluebush and Serra Verde, another Brazilian project plays host to an additional intrepid Australian explorer in Meteoric Resources (ASX:MEI).

A penny stock last year, Meteoric now has skyrocketed to a market cap of near on $400m at 20c/sh now due to its ionic 409Mt @ an eye-whopping 2,626ppm TREO Caldeira project.

Good morning gentleman,we get a little write up courtesy’s of this mornings St…head report,DYOR