With Clay Hosted Rare Earths 500-77ppm is profitable. DM1’s grades are 2-4x higher than that. Lynas’ REE deposit is a carbonate. They need billions in capex to process the carbonates, whereas DM1’s Innouendy only needs simple aqua regia (salt water and weak acid).
Very low capex(to be paid for by Australian govt) and very low Opex. Watch Dr Rob Stuart’s presentation below. He explains why Clay Hosted REEs are the preferred new source of Rare Earths for EVs.
With Clay Hosted Rare Earths 500-77ppm is profitable. DM1’s...
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