On page 14 of the 14th Sept 2020 Mineral Resource announcement it states:
"Metallurgical testwork on fresh rock and weathered mineralisation has indicated that the weathered zone mineralisation is most amenable to upgrade to a high grade concentrate using a multi stage flotation process. Optimisation work on this process has been completed and a pilot plant is currently in operation.
A second stage of processing to produce an NdPr-rich rare earth carbonate is envisaged for the project and testwork to determine the optimum process is at an advanced stage. (My bold)
When they say "the weathered zone mineralisation is most amenable to..." that is scientist-speak for "we know how to do this, we are doing it and it's pretty straightforward".
IF there is any extra time needed for the second stage progressing to the more concentrated Mixed Rare Earth Carbonate, then they can start with the first stage progressing and make a motza!! (As per the PFS last November).
When they do the more concentrated Mixed Rare Earth Carbonate, then it will be at least 2 motzas profit!
Pensana are wisely staying away from Rare Earth Separation - which is the area that caused Lynas so much heartache.
PM8 Price at posting:
97.0¢ Sentiment: Buy Disclosure: Held