Interesting to see that 2% of the heavy minerals is monazite. They obviously don’t have the current licenses to extract it, but could be an added bonus in future.
Based on 1.5Mtpa average life of mine HMC production this equates to 1500x0.02x0.55 = 16.5ktpa of REO which isn’t nothing - particularly when a quarter of it is the high value NdPr oxides. Obviously a lot more assessment required, but it provides some potential long term upside.
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- Ann: Updated Ranobe Mineral Resources and Ore Reserves estimates
Ann: Updated Ranobe Mineral Resources and Ore Reserves estimates, page-2
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