REE 7.14% 1.3¢ rarex limited

Ann: Drilling to Commence Next Month at Weld North REE Project, page-159

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  1. 2,079 Posts.
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    Yeah the basket distribution is about standard. At current TREO % NdPr grades are 0.25% (22.1%). Doubling the JORC TREO % which the infill drilling is aiming to do would obviously then double the NdPr content to a more favourable 0.5%. To put it into perspective Lynas Mt Weld mine ore reserve has NdPr grades of 1.95%, with a 4% TREO cut off applied. It's simply a different ball park to almost every other hard rock mine world wide barring maybe Bayan Obo.

    That's why for me another Mt Weld would be an absolute monster.
 
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