the race is on, page-29

That's right stayhere. And then on the flip-side the volumes guestimated are probably overly generous (at this stage). IMO, somewhere around 15 Mt might be a fair initial resource target for the southern zone.

Here are some other REE deposits from the Arafura website for comparison.


Comparison of Rare Earths Resources

Project > Resource > By Products > REO Recovery

Baiyunebo, China > 1,460Mt @3.9% REO > REO a by product of iron ore separation > ~25-50%

DZP, Australia > 73.2Mt @ 0.75% REO > Zirconia Niobium Tantalum > Unknown

Nechalacho, Canada > 69Mt @ 1.95% REO > None > Unknown

Nolans Bore, Australia > 30.3Mt @ 2.8% REO > Phosphoric Acid Uranium Gypsum > 81%

Mountain Pass, USA > 20Mt @9.2% REO > None > 50-60%

Mianning, China > 17Mt @ 3% REO > None > 50%

Mt Weld, Australia > 12.2Mt @ 9.7% REO > None > 59%

Dong Pao, Vietnam > 11Mt @ 6.9% REO > None > Unknown

Bear Lodge, USA > 9.8Mt @ 4.07% REO > None > Unknown

Hoidas Lake, Canada > 2.56Mt @ 2.43% REO > Phosphate > Unknown