Ann: MOU for processing of heavy mineral sands and rare earths, page-4

Costs, including transport or Capex will be taken into account at the SS, which should be done this year I expect.

Because it is a simple mining process and simple gravity concentration down to 1% of sand mined at the 'coal face' the SS will be attractive IMO, and will allow Opex for transport and further refining. We await further assays and the initial MREs to get a better handle on things - and clearly the percentage of that mine concentrate which is REEs is the most important measure of value.

On news so far this deposit is likely to be of major significance and the stock at an attractive entry price.

Here is a two year old article on the value of the common mineral sands - not the REE ones !!

https://st--khead.com.au/resources/mineral-sands-prices-are-rising-and-ilmenite-is-the-hot-new-kid-on-the-block/

DYOR - Not advice.