Wednesday, October 12, 2022 5:38:27 PM
8:36 (turn on the CC as you view) Snip.... You know we are going to be producing niobium, scandium, titanium; but we do have the technical work underway, we are running a demonstration plant was we speak, right now, to determine the economic viability and metallurgy, for recovering rare earth,
Our decades of experience in recovering rare earth, the bench testing we've done to date, give us a large degree of confidence, we do want to bring that technical work up to the ni43-101 feasibility study level that should be done in the next couple of months,hen we can add rare earths to the mix in terms of economics and and sales, and everyone is pretty excited about that, because every auto company is looking to build 10-15-20 year out supply chains....snip.
From WIkipedia;
National Instrument 43-101 (the "NI 43-101" or the "NI") is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada.
https://www.micon-international.com/ni-43-101-technical-reports-theyre-not/
An NI 43-101 Technical Report can be any of the following:
A first time report on a mineral property (exploration or operating).
A summary of the exploration activities with inherent Quality Control/Quality Assurance (QA/QC) on a project.
A summary of the mineral resource estimate for a property.
A report outlining ownership of a non-operating interest in a property (Royalty or otherwise).
A report containing the results of a Preliminary Economic Assessment.
A report or summary of the results of a Pre-Feasibility Study, depending on the complexity of the project.
A summary of the results of a Feasibility Study on a mineral property.
A summary of work conducted on an operating project possibly containing updated resource and reserve estimates.
Any variation of the above
I suspect they have a preliminary finding by now. (Pretty sure since the REE Conference is next week!)
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