Sorry for the confusing question - I have not really understood the org structures involved. Am I right to believe that NWT Rare Earths is simply the legal entity used by Avalon and VML to manage the Nechalacho mining rights then? And that Nechalacho Resources is the 100% owned Canadian subsidiary of VML?
What are your expectations for the upcoming study from VML?
Are you expecting the plan is to simply ship the X-ray sorted ore to Saskatoon for treatment by SRC? i.e. no value-add
Have you heard anything more on the proposed upgrade of the SRC oxide plant to handle the bastnaesite based ore from Nechalacho in addition to its primary monazite ore feed? (Noting that VML were commissioning their own processing facility in Saskatoon as neighbours to the SRC facility that would turn Nechalacho ore into a mixed RE carbonate for treatment by SRC - now that first step will also need to be done by SRC I assume)
Very curious to see what the plans for the Nechalacho niobium may be, assuming they can produce decent recoveries in testing. Where and by whom will this ore be treated? How and where will it be separated from the RE ore?
So many questions! It's potentially a game changing resource but so far from anywhere.
VML Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
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