IXR 5.26% 1.0¢ ionic rare earths limited

Not to mention missing the major difference in which the uranium...

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    Not to mention missing the major difference in which the uranium and thorium is NOT concentrated with the TREO when processing.

    That's why IAC repeatedly talk about negligible radionuclides because they generally exist at the ppm levels they were extracted at.

    In hard rock they beneficiate WITH the TREO. Only need to look at the cost and environmental issues it's caused lynas and as per your table mobs like like longonjo will end up with 10 times as much thorium/uranium as they despite having a lower grade resource compared to LYC.

    U and Th and 10ppm and 30ppm is so low it's not an issue and it's not an issue post processing because it does not concentrate linearly with the TREO it's removed in the first steps of the process circuit.

    Not the same for other hard rock projects with 400ppm or 1000ppm. Lynas produces the least amount of material per T of Ndpr because it's such a high grade resource. The others aren't so fortunate. it also helps that lyc is so cost effective that it can afford the obscene capital and opex costs to deal with it. In saying that, it's still caused them massive issues with regulators and government policy. Better to not have it to begin with.

    SF2TH
 
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