Absolutely mate ...
This announcement is absolutely huge! It outlines exactly where VTM is heading .. As mentioned the acid choice for recovery is exactly where it needs to be for so many reasons. It is safer, cleaner and cheaper than HCI. Less capex and less opex. No chlorine gas produced. The only reason you use HCI is because you can't use the right stuff..
The extremely high grade HREE is awesome. A lot of focus on NdPr - Which is great, but who will supply all the other critical HREE ??? VTM!
Average grade is awesome. Basket value excellent. Right acid being used. This is coming together exactly as we would all hope.
The MRE will be a massive deciding factor here. Once we get above the 100MT @ 980ppm+ VTM will run hard IMO.
Ann: RC Drilling Confirms HREE Mineralisation, page-15
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