RE: Harena LinkedIn Post, Friday 28.3.2530 Mar 2025 13:17
"harena resources all set to become london’s only listed ionic clay rare earths company
13:18, 26th february 2025
alastair ford
vox newswire
... that jorc 2012 compliant resource estimate followed on from around us$20 million of spend on the project, undertaken by former owners. amongst other things, work thus far completed includes 4,500 test pits and 359 drill holes. it’s also been established that negligible thorium and uranium are present in the deposit, meaning that processing with low impact salts ought to be relatively straightforward and the product saleable into the market.
the plan, once harena gets listed, is to complete feasibility studies for the development of ampasindava. much of the groundwork for these studies has already been done, however, and it’s already clear that the project has a great deal going for it. ...
the £1.9 million that the company plans to raise will go towards completing the feasibility studies, which he reckons will take about six-to-nine months to complete. after that, and allowing that the license and permits have been granted, he reckons it will take about two years to get the mine running. ..."
https://www.**********.co.uk/articles/harena-resources-all-set-to-become-london-s-only-listed-ionic-clay-rare-earths-company-226d211/
the fact that hree's is a development-stage project, not exploration, is clearly a major plus point.
as no drilling etc. is required, far less money and time is required.
as well as reducing risks, including of timetable slippage, and increasing certainty.
all of which will greatly increase investor and tipster confidence.
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