Buying Steenkampskraal is all about getting the licence to mine monazite material. Monazite has high rare earth content, but also high thorium levels, and getting a new licence to mine and process it is near impossible. Most of the other rare earth companies are targetting materials other than monazite for this reason, consequently their grades are lower compared to monazite rare earth, monazite has 10%+ rare earth, but 7%+ Thorium, most of the non-monazite deposits have <10% rare earth (most of them <5%), but orders of magnitude less thorium.
GWM has bough this mine since the license to mine there was granted 20+ years ago and is still valid. If this deposit was discovered today they would not have got a license. The question is, how much material is left to mine, my understanding is the remaining deposit there is quite small, so they will get a couple of years out of it and thats it.
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