IXR media coverage, page-564

From The Rare Earth Observer.

So much for the demonstration plant for Aclara IAC , The recovery rates from processing IAC at Penco were somewhere in between dismal and disastrous. We are not sure if it was the resource, the process or both At 6% recovery rate.

Aclara Resources announces 576% increase in resources with new discovery in Brazil

This discovery has led to the Inferred Resource Estimate for the Carina Module, reported in accordance with NI 43-101 guidelines, which stands at an impressive 168 million tonnes with a total rare earth oxide content of 1,510 ppm.

Motte highlighted that Aclara's rare earth recovery process aligns seamlessly with the company's patented and successfully demonstrated processing technology at a pilot scale. This technology is specifically designed to minimize both cost and environmental impact.

Successfully demonstrated process? The recovery rates from processing IAC at Penco were somewhere in between dismal and disastrous. We are not sure if it was the resource, the process or both.

To date, we've successfully processed over 63 tons of ionic clays, yielding more than 40 kilos of clean rare earths through a closed-loop system that leaves no footprint of radioactivity or liquid waste.

IAC is not a walk in the park

According to Aclara’s resource estimate:

• “TREY” means 14 lanthanides (REE) plus yttrium (Y), 1,992 pm or 0.1992% as rare earth elements;

• 27,500,000 tons of resource as per above resource estimate multiplied by 0.1992% TREY results in 54,780 t of total REE content;

• The TREY recovery rate as per above resource estimate is 22.82%., which means estimated 12,500 t of total REE recovery over life of mine. Too little;

• Above 63,000 kg resource only yielding 40 kgs of ‘clean rare earth’ even suggests a recovery rate of only 6%;

• At 6% recovery rate the life of mine output of Aclara’s Penco would be 3,300 t of REE, being less than the quarterly output of Lynas.