Ann: Exploration Target defined at Sandy Mitchell Project, page-5

The penny has dropped - up 20% on today's news and on best volume calendar year to date - leaving little supply for tomorrow.

A quick sum :--- 1.3 billion tonnes @ (1250 ppm = 1.250 parts per thousand = 0.125 parts per cent.) (0.125 %) @ $50.000 /tonne (number from Iluka for monazite concentrate ~~ from my memory) = 1,300,000,000 x 0.00125 x 50,000 $

= $81,250,000,000. or $81.25 billion. That is the value of product mined and processed and shipped FOB.

Take 3% as value in ground = $ 2.4 billion.

ARC M.Cap is $10.0 million.

Remember processing involves digging sand to 11 m deep, passing it thru a sieve to delete oversize waste, then over gravity tables to a 52 % concentrate. All tested and done to unoptimised state. Further magnetic separation will separate two streams of valuable ore material.
Waste sand from that process goes straight back into mined area so little or zero reclamation is needed apart from seeding for pasture (which will be an improvement for the land holders benefit).

Also from today we learn a second bulk batch is sent to the met experts for further oprimisation of process.

And we also learn today that the basement schist is mineralised to approximately the same extent. Could there be rich shoots in that basement of valuable REEs.

DYOR, I might be wrong !