"JORC resource is planned to be completed during first quarter of 2024. Additionally, we expect to receive results from the recovery test work being done by CETEM, Brazil’s national mining center, by the end of September and once received, we will be able to develop a production method and cost profile.
The team is continuously drilling the Ema deposits, and as a result, there should be a steady flow of results. We continue to compare these discoveries to Makuutu in Uganda for a good reason. Like Makuutu, Ema’s IREE results are near surface in unconsolidated material which lends itself to very low mining costs and since the SGS ammonium sulphate assay indicted easily recovered iREEs the cost profile will be at the low end of current iREE projects. "
PM News:
"Work also continues with the PGM/Tres Estados pilot plant development. We have finished our preliminary metal recovery test work on the bioleached material from TED020 and as a result we have established a basis for a full pilot plant and preliminary metal recoveries as they relate to TED020. A full report will be issued as soon as possible.”
(20min delay)