Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I’m glad the BFS wasn’t released on a Friday, it’s a traders sell up and go home day (in general). Plus, with the turmoil in the markets and the US election - news could be buried. By the 16th there will be a new president in the US and the Fed will have announced a major support package that will ensure a stock market rally.
Good to see my suggestion a couple of weeks ago about Humber for the U.K. processing plant has made it to the final three...
Rare earth prices are rocketing, when the institutions see how much resource we are sitting on, the share price will follow.
6.1% wow! The BFS will be huge. UK government throwing so much cash at renewables as well. This has to be a win win. GLA and shave a great weekend.
With the expanded resource and the Bankable Feasibility Study ("BFS") designs to include the production of a rare earth carbonate, Pensana has identified a unique opportunity to explore the potential to make one further downstream step by establishing a rare earth oxide facility in the UK.
A mid-stream magnet metal supply linked to downstream magnet manufacturing capacity could create a sustainable magnet metal supply chain at a time of increasing concern of the provenance of these critical metals for the electric vehicle ("EV") and offshore wind turbine industries.
The study will focus on this broader context and take into account sustainable development when considering the preferred process route, location, capital and operating costs, financing arrangements and government incentives relating to the UK project. The study has received widespread interest and is expected to take approximately three months to complete.
Three sites are currently being evaluated at Merseyside, Humber and the Tees Valley. Preliminary investigations indicate that the reagents, skilled labour and power available at internationally competitive rates at each of these sites.
Two of the sites are located within enterprise zones which bring a range of incentives including available land, simplified planning approvals, a Single Conversation Group which brings together the all the relevant agencies for a smoother process, tax benefits in the form of enhanced capital allowances and other government incentives.
In particular there are grants available to companies that are involved in the renewable energy and low carbon sectors and their associated supply chains. More broadly there is strong government support for investments in the green economy with the strategy to build back better, build back greener and to build back faster.
Bankable Feasibility Study Progress
Significant positive progress has been made on the series of technical work streams and studies that will contribute to the BFS. Several key BFS work programmes including the revised Mineral Resource estimate and the successful operation of a beneficiation pilot plant are now complete.
The pilot plant treated 42 dry tonnes of material to produce NdPr concentrates up to 6.1% NdPr (within 25.8% REO*).
*NdPr= neodymium + praseodymium oxide; REO = total rare earth oxide including yttrium
The operation of the pilot plant has provided extensive operational and engineering design information and production cost data that will be incorporated into the BFS. The pilot plant has also produced concentrate for use in the next stage carbonate process work.
Other work streams, including the optimisation of the MREC flowsheet, have been successfully advanced but require additional work to bring the testwork results up to the required reporting standards for the study.
"An update on the BFS and the new development strategy will be reported by 16 November 2020."
An update, not the complete BFS by 16th November. This is ok with me as the BFS will contain even more in the latest work.
RBW have done similar with their delayed JORC.
This UK based processing plant idea is massive - interesting to see how that pans out.
Absolutely Tony, I’ve only just skimmed it but it’s clear the project is evolving. Giving a firm deadline for the BFS is great and should also stop any further damage to the share price.
Joe
It is quite a complex chemical engineering project on the processing side. With the latest ideas in processing they have I can see why the BFS is delayed a couple of weeks. I am not concerned with the delay as better ideas have emerged. The BFS as said in the report is looking favourable. I believe patience will have its reward.
Tony
‘The BFS study is well advanced and is expected to confirm the strong economics reported in the PFS. An update on the BFS and the new development strategy will be reported by 16 November 2020.’
It’s a really comprehensive document, looking forward to reading it all tomorrow.
That’s via HotCopper https://hotcopper.com.au/threads/ann-quarterly-activities-report.5723225/
Quarterly report
I just noted you were expecting a company email. Again thanks for sharing.
Joe was that a company message they gave pre Aussie market open or that you got from the company by asking? Thanks for the heads up. I suspect we may get precious few RNS releases this side of a USA election.
BFS due 16th Nov
Will be checking into to ASX at 22:30 tonight to read the RNS, very exciting.
Tomorrow good time for BFS as it's still October and being a Friday people can discuss and absorb over the weekend.
Really hope so TT, not a complete disaster if it's late but I fully expect to get a company email tonight and RNS in morning.
Good luck everybody if it arrives tomorrow. End of the month should be tomorrow. If anyone knows differently please share.