IXR 10.0% 0.9¢ ionic rare earths limited

Can anyone explain how this (80% Tb and Dy extraction, from the...

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    Can anyone explain how this (80% Tb and Dy extraction, from the scoping study)
    https://hotcopper.com.au/data/attachments/5816/5816591-ea19f9729a4214ba9ccff449e494bc8f.jpg
    turned into this, from the DFS,
    https://hotcopper.com.au/data/attachments/5816/5816594-809ba35f628952508e2ae0c10475b6ec.jpg

    So effectively 1-49/80=39% downstream losses post leaching here? A result of REE not washed from the clays + losses in impurity removal step?

    Seemingly amazing headline extraction numbers shared by MEI averaging 54% NdPr, 33% DyTb extractions from diagnostic leach tests, but will these also get annihilated once the reality of needing to wash the clays to recover the REE + impurity removal losses kicks in at the scoping study??

    IXR's raw extraction numbers appear excellent head to head against MEI, 80% Dy, 80% Tb vs MEI Capao average 35% Tb 31% Dy.. Investors need to be very careful comparing final recovery numbers in a DFS (IXR) against best-case laboratory diagnostic extraction numbers (MEI)... downstream losses appear to be brutal for REE clays.
 
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