the key for Vmm now as its metrics progress is to be able to define a lom at close to 4500 ppm. At the moment we have an inferred 28 mt at 4450 ppm at mreo 30 percent (319 pr, 966 Nd, Tb 9 and Dy 45). Compare this to the net results announced yesterday and it is very close with 4472 ppm TREO at MREO 32 % (315-320 Pr, 1031-1059 Nd, Tb 10 and Dy 49).
Hence with Mets progressing as the highest recoveries at potentially the cheapest in the ionic sector, the focus of drilling has to be on expanding the high grade resource at 4450 ppm. This will result in a drastic increase in valuations within the scoping study along with confirming an extremely valuable project even at these depressed REE rates.
Ann: Significant Breakthrough in Colossus Metallurgical Testing, page-23
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