The only problem with that thought is that Pensana are aiming at high level of ESG credentials, I seriously doubt if the Clay miners will ever be able to meet those Standards ! Or that they will be able to deliver the required quantities. At Saltend's initial production rate, it will need an extra 300tpa of Dy to produce 100% premium magnets. However IXR only have an in-situ grade of just 15ppm Dy !, So allowing for recovery (75%) they would have to mine and process 25Mtpa (and ~ 5Mtpa waste) just to meet our demand !
To put our respective deposits into perspective Longonjo's Dy grade is 0.012% or 120ppm,
One possible solution is to buy it in, OR just make half of the Magnets Premium (high thermal properties) for EV's, the remainder at a lower quality ~ I am not sure if Wind Turbines need the Thermal properties anyway, it is not as if they are doing more than 60 RPM ??
PM8 Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
