Release close to the market, would like more time to digest but initial read is that the results are broadly comparable with the sorts of head numbers that IXR pull up at their Makuutu project. Comparison side by side with the IXR results back in December 21 below. Makuutu shallower but 8-32m for the higher grade sections is still very shallow. Makuutu results in this comparison are on average higher but KTA levels are still significant and the info provided supports the idea that the scale is extensive.
The assemblage is well represented with more valuable rare earths - a good starting point. Recovery of 65-85% from initial weak acid digestion is consistent with other reports I've seen eg AR3. But this is just a first stage test - a lot to do to determine the accessiblity and value of what can be realistically extracted from what I understand. I'll be interested to see what opinions @setfire2thehive has if he has time to look over these.
I think we're in the game with this (and considering ILU Eneabba plant developments recently opening up a possible strategic pathway). I'm not sure how strongly the market will react - either way but I'm prepared to buy more if we sit around current levels.
Effective traps and open scale indicated in the simplified profiles:
Ann: Major Clay Hosted Ionic Rare Earth Discovery at Mt Clere, page-7
-
- There are more pages in this discussion • 185 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
