There is a clue in JORC Table 1 that we are not dealing with exclusively Rutile as the TiO2 phase - unless it contains a heap of magnetite along with rutile (possible) it's likely we are dealing with illmenite and or leucoxene as the predominant TiO2 phases. Whilst it will be relatively easily to liberate any valuable Heavy Minerals (illmenite, monozite, zircon etc.) from the Clay Hosted Patos Formation there is about 10-15m of overburden/pre-strip which will negatively impact the economics of a mine development. So unless they can mine using Iluka's keyhole mining technique they are going to have to find the Patos Formation where it comes to surface / overlying has been eroded off.
Let's see what the QEMSCAN/mineralogy work shows us?
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