IXR 0.00% 1.1¢ ionic rare earths limited

Key takeaways for me:1. Simple process equates to lower opex...

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  1. 9,135 Posts.
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    Key takeaways for me:
    1. Simple process equates to lower opex costs.
    2. Confirms recoveries can increase with better testing and optimisation, whilst confirming resource is amenable for extraction of the higher valued rare earths (CREE).
    3. Management is ensuring it does enough testing so that the SS itself can be a plus or minus 35% (i.e. a PFS is + or minus 25% btw).
    4. The most important takeaway from the Ann is the term 'supergene'. 'Supergene' has a key meaning since in effect it is an enrichment zone, and will be interesting how extensive this zone is and how was it formed. 'Supergene' was commented with sample HY9134 and it is the sample that best responds to PH1 as against PH3.5 - i.e. check the figures out. Will be interesting how extensive is the enrichment zone. (Mt Weld and Araxa deposits are stated to be supergene, but obviously IXR is stated to be an ionic clay deposit hence my interest around origin/source of mineralisation and the how.)

    All IMO
 
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