From the announcement on Aug 4; "The project was first explored...

From the announcement on Aug 4; "The project was first explored in the 1950/60’s and subsequently, in 2007, was acquired by a Canadian listed junior exploration company, QGX Ltd in Joint Venture with a local company Khotgor Minerals, looking for gold, copper and molybdenum mineralisation. Between 2008 and 2014 Khotgor undertook drilling, metallurgical testwork programs and engineering studies in Australia to demonstrate that a rare earth product could be extracted from the resource. There was approximately $12m (CAD) spent on the project over this period of time frame on drilling, maiden resource and a preliminary economic assessment completed.Subsequently, adverse market conditions and softer REE commodity pricing resulted in Khotgor Minerals resuming 100% ownership of the project.Khotgor Minerals was granted a Mining License in 2010, valid for 30 years, which remains current until 2040".

See schematic for details;