Below are some of the advantages of Rare Earth Clay deposits over Hard Rock Rare Earth deposits.
1. Mother Nature has done the heavy lifting in extracting and separating the Rare Earths over hundreds of millions of years.
2. Clay Hosted Rare Earths are shallow and cheap to mine via an Open Pit, Hard Rock is deep in the Earth (200-300m deep).
3. The Clay Hosted Rare Earth deposit have a much higher composition of the very valuable Magnetic Rare Earths than Hard Rock deposits.
Again the $2Billion Critical Minerals Fund is mentioned here also.
GLTA DM1 Shareholders.
Exciting times as these remaining 4,000m of assays are still to come, the metalurgical testing is being completed to confirm the ease of extraction and we'll get an update as to how soon the drill rigs will head back out to Innoeundy to drill out the Rare Earths, Nickel Sulphides, PGEs, Chromium and Cobalt.
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Below are some of the advantages of Rare Earth Clay deposits...
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