Research note12 Sep 2023 09:30
Bought in today on strength of the research note by Shard capital: Why these results are so good. The metallurgical testwork on samples from Boland indicate high recoveries of the sought-after HREOs and MREOs, and lower recoveries of the low value LREOs. Not all clay REE deposits are comparable and deposit grade is not the most important factor. Rather, the economic viability of clay-hosted REEs is dependent on mining/extraction and processing factors which are in turn related to mineralogy and REE mobility, in much the same way that refractory gold ores require more costly processing techniques to liberate the gold. In this regard, the high recoveries seen in this testwork were achieved: 1. Within a short time (30mins), 2. At ambient temperatures (22°C), 3. Using on a weak acid (pH 4) with comparable acidity to orange juice, 4. With low acid reagent consumption and 5. With low rates of dissolution of gangue/impurity elements. - As posters below have stated, sure, I expect fund raises, but this Mcap with that unique and sought highly after resource... I'll take a chance