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I think the Monte Muambe metallurgy results will be interesting, and have a positive impact on the project economics. Samples are currently with Auralia Metallurgy in Perth (the same company used by Mkango) and SGS Lakefields in Canada, results should start to be released over coming weeks and concluded this quarter.
When Mkango completed their metallurgy testing in 2021, their flotation recovery of TREO went from 67% to 74% and there was a tripling of flotation concentrate grade to 15% TREO from 4.7% TREO. Altona are starting from a higher TREO grade already and using newer techniques and reagents, which bodes well for a significant recovery upgrade and therefore reduced OPEX.
The metallurgy results will also direct this year’s drilling campaign to pinpoint the higher grade zones. The aim being to grow the resource in the most targeted way. If all goes to plan then it should become a project that, at PFS completion, will attract some serious interest.
I think the plan is to use existing data gathered by the previous owners, which is extensive, then plan some infill drilling to commence in April 2025. Cedric is pretty good at doing things on a budget and is talking about bringing a 'strategic investor' onboard.
Https://zakstraderscafe.com/interview-cedric-simonet-ceo-altona-rare-earths/7911/
Excellent progress. The PFS has been given a head start by the fact that the MRE and Scoping Study were far more detailed than required. Ongoing drilling will continue to grow the resource for the duration of PFS work, still so much to be explored and discovered.
Far better economics on a high-grade deposit. If they can increase the size while maintaining this TREO% going into PFS then this becomes a seriously valuable project. Market currently snoozing on this one, that will change in time.
From memory I think they have said that City-Mix can increase the effectiveness of growth media up to 15 times. Incredible really when you take into account that growth media can be 80% of the production cost for lab grown meat. Seems like a game changing product with sales now gaining traction in the industry.
DillyD, Buys are showing as sells and vice versa, because they are determined by an algorithm that gets it wrong a lot of the time, particularly when the spread is tight. Just one of those things I'm afraid.
Maybe the showcase will lack the glitz and glamour that some small investors were hoping for but it will still be a step up from the previous tasting. It will be based around a much larger fillet and additional products such as the pork strips. It's also expected to be in London and therefore pull in a new audience including national and international media. It could well be that they can't do everything they'd like regarding public tasting but they will make the event as impactful as possible within FSA guidelines. I'm sure they've also considered doing something overseas, is Singapore where the regulations are more progressive. The impression I get is of a serious company that wants the exposure without resorting to gimmicks.
Https://twitter.com/Thematicafunds/status/1660909042028408839?s=20
They're waiting on the FCA for final sign-off and I wouldn't be suprised if the people who do that job are enjoying a nice Easter holiday. The twitter account is still live, but no point them tweeting until they have a firm listing date. All very frustrating but it's going to be resolved eventually, hopefully in the very near future.