A commentary by Stock_head at end of day: TAR "Up on no news) The South Australian explorer has pivoted from copper into clay rare earths exploration at its Mt Craig project.As a result of this re-alignment of priorities, CEO Thomas Line resigned earlier this month. “Following the recent drilling campaign at Mt Craig in 2022, the company is seeking to validate a potential flowsheet for extraction of the magnet REE oxides (MREO) identified before further exploration drilling is conducted,” it says.“A phased program of further metallurgical testing is underway to identify the minerals hosting the MREO, with the aim to determine a flowsheet that will have the potential for economic recovery of the high value elements. ”Early stage met test work has already shown that extraction of up to 70% of the MREO and 60% of the heavy REE oxides (HREO) is achievable in a moderate acid solution. This work is important to test whether a project is economic or not.Further optimisation work will now be undertaken, the company says. The $12m capped stock is flat year to date. It had $4.12m in the bank at the end of December."
TAR Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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