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Ann: Further Outstanding Rare Earth Assays from Innouendy, page-41

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fnqricko

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15/12/22

10:30

Post #: 65321305
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Originally posted by Suni: ↑

Can you go in to further detail on what is considered low grade?

Can you please provide a reference point between the Chinese low grade clay vs Aus clay because in my opinion the Aus grade can not be low at all. Do you classify 2000ppm+ as low grade ionic clay ?

I find it a little skeptical that you say China who is the super power of clay REE are now stopping this practice thus weakening their own REE supply and general economy. Again can you provide a reference to what China is changing their method to?

You have made some strong statements which I currently am not disputing but I think it is fair you provide some factual evidence to your claims.

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From an article Evaluation of Rare Earth Deposits by PL Hellman and RK Duncan Chi and Tian (2012) suggest that "prospective reserves"
in Southern China amount to 50Mt with quoted grades between 0.12 and 0.19% REO consisting of 57 - 92% REO in the ionic form (Chi and Tian, 2012, p 11). The article did mention that many cut off grades quoted by mining companies were probably too low to be viable.

DM1 Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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