[ATTACH] Yep - will be able to process rare earths from third...

Yep - will be able to process rare earths from third parties and will want to process as much as they can get from third parties.

Even if that third party is ~2,500km away like NTU - shows the scarcity of REE feedstock (DRE is about a third of that distance to Eneabba).

And as Dean has mentioned at quite a few conferences; ILU, as well as LYC and HAS are all keen on taking as much third party feed as they can get.

And as Dean has mentioned, when talking about Yin; it's high grade, at surface, going to have a very low strip ratio, and if you're going to build a plant and processing facility, this is one of the best places to start, with a quick payback (ie. at Yin).






ILU's MD in a recent AFR article:






Potential 30Mt resource upgrade for the ironstones coming out after the trading halt for DRE.

Ironstone Exploration Target at 100Mt.

Then there's the carbonatites, which will potentially double that Exploration Target once drilled out, and hopefully have one or two targeted high-grade/"blue sky" discoveries in them.

I can definitely see "decades and decades (and decades) of feedstock" from all that.

Over to you O'Leary.

So, unless DRE gets a great deal from a major, you'd think they'll demerge the Rare Earths into a new company and go for it themselves via that path.

Cheers,

GB.