This announcement confirms that this area hosts a very large resource . :But can you mine and recover Koppamurra rare earths at a profit? Such a bullish announcement regarding production plans and a timeline that suggests production in 2026 should only have been made if the board has much better metallurgical test results than those provided in the prospectus. There is no way Chinese production methods will be allowed in Australia and even if they were the initial met results suggest massive amounts of acid will be required to liberate just 50 per cent of the rare earths.This in turn means stainless steel tanks and very high capital costs.
AR3 Price at posting:
43.0¢ Sentiment: None Disclosure: Not Held
