Quick search from a non-expert picks up this recent article...
https://**promotion blocked**/resources/not-all-ionic-clay-rare-earths-deposits-are-created-equal-heres-why-asx-investors-need-to-read-the-fine-print/
which discusses about a metalurgical test used to define how easily the REEs will be able to be extracted from the clay.
Has this testing been done? if so what are the results. I cant see mention of it in the announcement.
Not an expert. DYOR
Ann: Acquisition of Potential World Class Ionic Clay REE Project, page-9
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