Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Getting desperate Teet ? " 3 tonnes of mixed rare earth element carbonate. REE extraction - 80%." what a load of guff...! Provide a link or I'm reporting you for intentionally misleading i.e. lying. Sasol have been aware for years of the REE content they even patented a prospective extraction method and it didn't work- 3 tonnes @ 80% and then got bored ! you totally desperate Chinese schmuck !
Reetech
There is not a brilliant and perfect rare earth company out there. Why be so pedantic and aggressive towards the company. It was interesting that you posted another company doing what rainbow rare is trying to do with K-Tech. If anything it gives confidence that the project is on the right future track. Can you tell us if you are an investor here or not. If you are shorting this stock be honest about it. Incidentally find me a CEO who does not sell their company to would be investors, they all do it unless they are solely a private company owner. Tony
Previously, Phalaborwa phosphogypsum was processed by Sasol. Sasol developed a comprehensive process flowsheet for the extraction of rare earth elements from gypsum, resulting in a successful pilot plant producing approximately 3 tonnes of mixed rare earth element carbonate. REE extraction - 80%.
Currently produced 35 kg of mixed rare earth carbonate. REE extraction - 65%.
Significant progress.
More importantly its what RBW and Mintek with their 90 years experience call a pilot plant. If it's OK with you, I think I'll bow to their expertese rather than the rantings of an obsessed, deranged paid-for troll like you Reet whose skills seem limited to cutting, pasting and posting links
SmartPunter
"Processes 20kg per hour for 24hr x 21 days plus." - Is this what you call a pilot plant?
This is a maximum demonstration installation.
Processes 20kg per hour for 24hr x 21 days plus.
Produced 35kg of mixed carbonates.
Update on 99.5% NdPr oxide... soon.
Improvement on PFS:
Electric consumption down by 50%. Saving $6.5m/Yr
Sale of Gypsum, $7-8m/Yr for 70years
60k tpa of sulphuric acid at far less than $95/ton. Saving $4m/Yr?
SEG extraction. Not much.
Other reagent savings.
Production expected 2026, subject to necessary permits and financing!
Very low cost sulphuric acid reagent at Phalaborwa will help keep costs down - company next door are almost giving it away. Plus continuous ion exchange technology will keeps use of solvents down to bare minimum!
Successful regeneration of 2 key reagents in leach solution!
Development Finance Corporation 50 million dollar funding commitment!
80 million dollars of EBITDA per annum, even at today's rock bottom Rare Earth prices!
Any future Placings likely to be around the Market Price, at that time. Who knows, it might be higher than the current share price?!?
GLA
These are China’s import data (by types) in January-February 2024 released by the General Administration of Customs and their YoY change: rare earth metal ore (7,605 mt, -41%); unlisted rare earth oxides (6,965.6 mt, +12%); mixed rare earth carbonate (1,658 mt, +22%).
Rare earth metal ore mainly came from the US. Recently, the US made greater efforts to accelerate development of the rare earth industry chain, which may cut its rare earth raw materials exports. Meanwhile, MP rare earth mine operated at nearly full capacity.
Unlisted rare earth oxides and mixed rare earth carbonate mainly came from Myanmar and Malaysia whose policy may make it difficult for imports of the two types to maintain rapid growth trend of last year.
SmartPunter
"As has been pointed out by various sources the production of MREC/MRES has been proven and that is a viable and low cost to market."
I agree, in six months we received MRES - 3.5 kg, MREC - 35 kg.
At the same time, the cost of the resulting MREC will be higher than $4/kg. This is due to the reagents (sodium or ammonium carbonate) for the precipitation of MREC from the sulfuric acid solution. MREC precipitation is achieved at pH=6.2–6.5
A dip below 10p is always a good way to add a few more ........
jr
Yes SP
It won't go bust although the share price of late generates that kind of gloom.
Tony
£31k buy or sell at the end of the day 🤔
Tony
As has been pointed out by various sources the production of MREC/MRES has been proven and that is a viable and low cost to market.
The reduction in temperature halves energy costs to $6.5m and the lower than PEA cost for the adjacent sulphuric acid plant ($5m?) and extra income from selling the phosphogypsum ($5m?) are all factors in the viability of this intermediate development phase.
Yes, it was a transparent RNS. I think George's presentation will help clarify the timeline.
Reetech
They will close the optimisation process otherwise it leads to market failure for the entire project and I believe the CEO is very much aware of that risk. I was happy with the RNS as it set out quite a few issues for investors to take on board. RBW are moving in the right direction.
Tony
Forgot the strong buy sign
It's actually a perfect buying opportunity tony which is what I will be doing.
👍
Tornadotony
"A few weeks back iteration protocols to establish best results were being undertaken. RBW then need to sign off the flow sheet design as best of what they know." - ETERNAL WORK ON OPTIMIZATION)))
Cadellin,
What Rainbow are doing with K-Tech is quite extraordinary in terms of the flowsheet. George has revealed in the February RNS some of the complexities that have been overcome to date. I believe K-Tech and Rainbow can deliver purified NdPr on decent recoveries by 30 June 2024. It is a critical date as 2026 production is probably now in Q4. I suspect George underestimated all the work K-Tech had to do and at some point as they found it better to use a carbonate then a sulphate and lost some time. A similar amount of time is being taken to overcome any further issues down the NdPr flowsheet. It would be great if the results arrive earlier than by 30 June and I hope it is a case of delivering earlier than missing a target.
As for the share price, sentiment on sold rare earth prices has reduced interest in the sector. The fall to 15p to 12p was probably down to the 3 month disparity to when we thought results may be incoming. McKinley reported importance of rare earths recently and how the sector was not getting investment. Hence we are either at a nadir or heading towards one. Longer term RBW should bounce back. I hope George has it as a credo on his desk not to over promise and under deliver, but to err the opposite way which is hard to do when sentiment is at rock bottom. I believe he has set out the challenges he faces and some of the future targets are not in the companies control, but they are getting in additional expertise to mitigate against some of the risks and have a good chance on staying with their plans.
I regard the project as a long hold.
Tony