OH NO
not Crown again
One is the Crown niobium deposit located within the Mt Weld rare earths development now being undertaken by Lynas Corp (ASX:LYC). Back in 2004, Lynas got very excited about the niobium, saying there was something like 400,000 tonnes of the metal contained there. With an overall resource of 37.7 million tonnes grading at 1.07 per cent, Lynas chief executive Nicholas Curtis at the time termed it the second biggest niobium deposit in the world after Araxa in Brazil. The company said the niobium project would have a 30-year mine life and the company would start to look at if after the rare earths operation was up and running in 2005.
the big issue, page-2
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