So up to 1bt of TREO out there before they even consider the...

So up to 1bt of TREO out there before they even consider the other licence 257.
I made a rough cut estimate of this back in November albeit slightly higher on the PPM - but i reckon it's conservative. Think out east will overperform on grade. Maybe conservatism on their part currently. Irrespectively, with that much resource you can be slective with the mined grade a little and only underpin with higher grade resources (hence the central zone etc.)

Post #:57819746

"Well the figures in the graph are kind of obtuse in the sense that the 100kt of TREO for IXR which has accounted for 50% ownership. Noting it moves to 60% upon the FS and then subsequently they have the first right to purchase the remaining.

On 315mT (which is the resource size) there is 208,000T. The exploration target IXR have quoted is double that and doesn't included the new tenement. I estimate they might even get close to 1bt at 600-700ppm. Which may be circa 650,000-750,000T."

Truly enormous - So that 25-30Y LoM is realistically 50Y.
Generational type stuff and no constraints of increasing throughput even more in the future.

SF2TH