Ann: Optimisation Work Materially Improves Rare Earth Recoveries, page-2

This is excellent news.

A 700% increase in recoveries to the previously unresponsive materially. now 1% has went north of 30%.

Essentially means they should be able to achieve commercial recoveries for all the ore body mineralisation. (Given previous unoptimised testing yielded results at 75%).

Given the nature of the process circuitry here i garner that the higher leach longer extraction time for the previously unresponsive ore will be a secondary circuit to increase recoveries of ''tailings'. Alternatively, it may mean all ore will go through the secondary testing with higher acidity and longer leach time.

As suggested Post #:44783725 the recoveries of the HREE and CREO are higher in the  leach liquor. i.e. you have a basket price for head grade and a basket price for concentrate grade.



I'll need to review my assumptions of the liquor (concentrate) basket pricing to align with the recent release. But it was correct in my assumption that the basket price does materially improve in the concentrate grade which means my "bullish" view on projected revenues from a higher basket may have been explicitly sound logic.


Will re-run my basket pricing and therefore NPV and IRR input's later this afternoon, but as a reminder here it is again.



*disclosure: have been involved since september. Purchased a lot of shares at 0.4, 0.5 and 0.6c. I will free-carry my position when i think the stock price has overshot fair value. IMV this will be 1.5-2c. Have not sold any shares to date.

SF2TH