the company will continue to follow up on the hard rock targets identified at Paddy's Well to fully evaluate the potential of both the clay-hosted and primary REE targets at the project.”
In summary, Voltaic Strategic Resources Limited has announced the commencement of metallurgical test work on recently drilled REE-enriched clays at the Neo prospect in Western Australia's Gascoyne region. The program aims to characterise the REE species present within the clay intervals and determine their recoverability under different conditions. Conducting the test work at this early stage will enable the company to evaluate the viability of a clay-hosted REE venture and decide whether to focus solely on primary (hard rock) REE targets. The testing will be carried out by Independent Metallurgical Operations, and the company plans to outline a preliminary process flowsheet if favourable results are obtained. The proactive approach of conducting metallurgical testing at such an early stage displays the company's efficient capital deployment strategy.
Yes, it is a wise strategy to conduct metallurgical test work on the REE-enriched clays early before investing further in exploration and development. This approach can help the company assess the project's viability and make informed decisions on the most efficient and economical way to proceed. The company can preserve its capital by testing the clays before searching for deposits and reducing the risk of investing in an uneconomical venture. This strategy shows that the company is taking a thoughtful and prudent approach to exploration and development, which is a positive sign for investors.
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