Again, ask a metallurgist about the REE clay deposit in the...

Again, ask a metallurgist about the REE clay deposit in the tropics issue, don't take my word for it. Congratulations, IXR announced approval for a pilot/demonstration plant to evaluate if their low-grade and exceptionally low recovery REE deposit can be profitable over a 30 year period.

Some very aggressive/positive assumptions in that DFS Report, did you bother to read it?

When will it be ready when? Q3/Q4 2023, 6-9 months or more?? How much will it cost with only ~$17m in the bank? They had $19.5m as of 31st of December 2022.
It isn't even a volume production plant.

With 4Billion Shares already on Issue(plus the additional ones issued last 72 hours), they better bring this demo plant into production much sooner than that...




IXR's REE Clay Grades are low, but your biggest problem is your exceptionally low recoveries.

As an example of why your exceptionally low recoveries are a serious issue.

Let us take Nd2 O3 (Neodymium Oxide)

110 ppm x 33% recovery = a lowly 36.3ppm Nd Oxide that is actually separated and sold at market.

ScandiumSc2O3 is even worse and the company is using it to reduce its production costs, by a significant amount, in its DFS?

Sc 30ppm x 10% recovery = an appalling 3ppm Sc Oxide that is actually separated and sold at market.

One of IXR's assumptions in the DFS is that the Scandium will reduce its production costs with a 99.5% purity? Really 3ppm SC Oxides will reduce their production costs by how much? Did you read that @roblun

Calculate all of their saleable Rare Earth Oxide grades by multiply the low grades x the exceptionally low recoveries yourself.

Yet again, their numbers do not make sense.




No one wants to discuss the table below on IXR's presentation decks for the last 2 yrs.

How can IXR's REE basket value exceed Lynas' by 2x or more, and Lynas' Rare Earth Grades are over 83,000ppm (8.3% REEs) and IXR's are at 640ppm with exceptionally low recoveries?

Cover full page image (weblink.com.au) (8.3% TREO Total Rare Earth Oxides page 18)

While Lynas' recoveries are over 98% due to the use of their multiple $300m-500m Autoclaves compared to IXR's recoveries that start from a terrible 10% and peak at a low recovery of 52%.

IXR's numbers just don't make sense, yet again.

Good Luck with the 50% inflation rates in Uganda, how do you think that will impact the CAPEX and OPEX numbers? Has IXR factored that in their DFS?

I think skijapan tried to highlight this ongoing hyperinflation problem, but was attacked by you and others.

Has the company updated their CAPEX and OPEX for Makuutu to reflect year on year on year hyperinflation in the country? I haven't seen it.