Highlights• Total JORC Resource of 1.43 billion tonnes•...

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bluesamurai

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30/03/23

09:44

Post #: 67036614
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Originally posted by bluesamurai: ↑

Days before those rules are released, a Washington think tank whose mission is aligned with the IRA’s goals is releasing a detailed report delving into China’s command of the supply chain, and the corners it says the country cut on the way to dominance. The group — which goes by SAFE, standing for Securing America’s Future Energy — argues that China has been winning out in part because of failures to account for the toll that the extraction and processing of critical minerals including lithium, nickel and cobalt are taking on workers and the environment, often in lower-income countries.For examples, SAFE points to how China pulled far ahead of the US in producing the rare earths used in EV motors, and how Indonesia has built a huge lead over Australia in producing nickel.The US was the top producer of rare earth elements in the 1990s, until Chinese suppliers flooded the market with lower-cost supply. Those rare earths were cheaper in part because suppliers were allowed to dispose of radioactive waste into the Yellow River that flows through Western China, SAFE says, citing a report by the Institute for the Analysis of Global Security. QUOTE ARR is in a good position to succeed in this environment IMO

https://www.mining.com/web/biden-tees-up-a-supply-chain-rethink-with-challenge-to-chinas-evs/

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Highlights• Total JORC Resource of 1.43 billion tonnes• Estimated 4.73 million tonnes of contained Total Rare Earth Oxides (TREO) in-situ• Mineralisation contains approximately 24% highly valuable magnetic rare earth elements• TREO average grade of 3,309 ppm• Significant upside potential with 75% of district yet to be drilled and deposit remaining openat depth• Deposit is from surface to at least 150 metres with consistent grades throughout making itideal for large scale, low-cost open pit mining• Environmentally friendly with low levels of penalty thorium and uranium elementsWhat a great moment for ARR this is the beginning of an exciting journey IMO. From release this morning
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