Have a look at these grades from AR3 and they are calling it a world class deposit. OD6 grades will be at minimum 3 times these grades. Even if we have less ionic clay than AR3 in our clays OD6 will be IMO a more profitable deposit than AR3 once the flowsheet is fine tuned. AR3 clays are 3 meters deep. OD6 are 20-30 meters in depth. Once clay explorers in Esperance prove the MET is totally economic then this region will become REE processing hub of Australia. Lynas is building plant in Kalgoorlie that will be the start of HUB. I'm not down ramping AR3 but i'm struggling to see how there deposit is worth 3 times our market cap on there known results. Market has this completely wrong IMO. Have a look at Prop prospect drilling results compared to AR3. There is no comparison.
Ann: Very High Metallurgical Recoveries, page-298
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