“When all around are losing theirs…”
1/ Globally unique largehigh grade genuine ionic clay deposit.
Largetonnage, plus billion tonnes eventually?
High grade,low impurity, including newly identified very high grade zones [south andcentral].
Strongfocus on delineating high grade zones for early production, first 100-200mt?
Cheapmining, from surface, no drill and blast, virtually no strip, no tails dams, treated ore returned
2/ Metallurgy
Testingconfirms high recoveries from simple ammonium wash.
Nocrush and grind.
Hence cheap,simple plant, relatively low capex and quick build?
3/ Fast track to production?Approx 4 years from acquisition to commissioning for Tier 1 project?
Permittingstarted. FS through 2025, “Q4 2025 Construction Permit target”, build 2026, commission end 2026 / early 2027?
Stageddevelopment. Start with plant south? Truck from centre or build 2ndplant?
4/ Favourable Brazil jurisdiction
Miningfamiliar
Power,infrastructure, workforce
Supportivegovernments, behind multiple REO projects aiming to make Brazil the leadingproducer outside PRC
5/ Strategicgeo-political implications of MEI’s Caldeira Project and other Brazil REO projects
Given currentPRC dominance of global industry.
6/ Management
Rapid mobilisationfrom standing start end 2022.
Alreadya substantial professional team.
7/ Strong ongoing news flow2024
Ongoingstep out drilling, areas beyond current announced resources based on historicdrilling.
Infilldrilling, delineating Measured and Indicated Resources,
Progressivenew resources estimates.
Ongoingmetallurgy tests, pilot plant?
ScopingStudy/PEA from Ausenco as first pass quantification of economic advantages intonnes, grade, recoveries, simple treatment, relatively low capex etc.
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