Hello. These deposits have been known for decades.
Post-Covid, the REE prices have fallen to be in line with historical levels.
There appears no evidence anywhere any of these super low grade clay deposits are commercially viable.
If VMM could produce carbonate (REE concentrate) at US$15/kg, there would be no urgent reason for them to enter into a speculative JV with IXR.
The impression is the proposed IXR JV is a clear sign the economics for a carbonate project is marginal at current REE prices.
The logical realities cannot be twisted by "spin".
Ann: Globally Significant Maiden MRE for Colossus IAC Project, page-58
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