I see this as huge news, up until today these guys had a kaolin resource that had to be sized to -20 micron to achieve 30% Alumina (I imagine recoveries would be say 50%) and existing kaolin resources was an EPM so they would of had to wait maybe 3-5 years to lodge and obtain a ML on Abercorn.
Now, they have secured an "APPROVED" Mining Lease with what looks to me to be very high grade "Raw Ore" Alumina 37-38% and low impurities - so I assume they can recover much higher Al from this raw ore than processed Abercorn ore and they state material improvement in OpEx
Then as an added bonus this kaolin is high grade DSO quality with ISO >84% and if they can secure interest - they can start generating $ revenue ASAP - that's major step IMHO
And, ZEO management looks to be well advanced in getting the ball rolling to get some $ coming in !
From my reading, all ZEO need to do is submit a mining plan - which is standard process...nothing like a ML application...
All we need now is a positive update on pilot program. GLTA
I see this as huge news, up until today these guys had a kaolin...
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