Investor presentation: August 2020 :-
Vital Metals Aspirational Targets :
- Commence production of Mixed RE carbonate within 18 months.
- Maximum total construction cost for benefication (ore sorting) " and " rare earth extraction plants (carbonate) of aud $20m.
Simple Metallurgy :
- 35%+ initial benification via ore sorting.
- 97% recovery into solution via hydrochloric acid with using industry standard process. (carbonate)
Was just clarifying for myself what exactly the $20m figure was referring to, which according to above, is the " total construction costs " from now and within the next 18 months when 97% Mixed RE carbonate production begins and presumably sales.
Meanwhile sales should have begun within this period of the 35% ore sorted material.
I'll leave you to guess at the rest of the financing, which I believe is in safe hands.
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Investor presentation: August 2020 :-Vital Metals Aspirational...
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