Optimisation Work Materially Improves Rare Earth Recoveries

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• Metallurgical test work aimed at upgrading metallurgical performance in some of the lower recovery areas has resulted in a 700% increase in Rare Earth Element (REE) recovery
• Importantly, recovery of the high-value Critical Rare Earth Elements (CREE) and Heavy Rare Earth Elements (HREE) continues to be favored over the lower value Light Rare Earths
• Optimisation metallurgy test work and other aspects of the project development program are ongoing

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