Heavy Rare Earths Limited (ASX: HRE) - Mineral Resource Upgrade | Coffee With Samso Ep. 190
Coffee with Samso Episode 190 is with Richard Brescianini, Executive Director of Heavy Rare Earths Limited (ASX: HRE).
The journey to understand the ins and outs of the Rare earth sector has been sparse over the last two years. The sudden rise of the REE sector is a perception that has been shrouded with a lack of understanding.
Samso's Conclusion
Heavy Rare Earths Limited is slowly ticking the boxes to go towards producing a Rare Earth product which will ultimately bring revenue to the company. The upgrade of the Mineral Resource has effectively allowed HRE to show that they have the means to be a major player.
Richard Brescianini has made it very clear that the final grade going into the plant will be Tier 1. Richard is one person who has seen all the issues and he will be able to see the hurdles coming for all the players in this sector. His experience will be the critical measure when HRE travels down the line of finding buyers for their product.
This Coffee with Samso has some very important thoughts from Richard and I recommend proponents that want to learn the business end of the REE sector, get comfortable and settle in for a lesson.
Chapters:
00:00 Start
00:20 Introduction
01:07 Richard update
03:08 An upgrade in resource and grade.
06:21 A natural mineralisation cut-off.
06:47 What investors need to understand about resource grade and mill grade.
07:43 Are there more high-grade pods in your project?
12:03 Grade/Thickness and Grade/Tonnage Curve
17:08 Is there a sweet grade spot in the project?
19:06 Metallurgical Flow Sheet
20:21 New metallurgical drilling samples.
21:37 Aim to produce a mixed REE carbonate for potential customers.
22:27 Giving reasons for potential customers to invest in HRE.
22:59 Strategy to Brand HRE to potential customers.
24:21 Branding HRE as a real REE producer.
25:46 The market of REE, the upside, the current price of REE, and why it's rising.
29:25 What is the sweet sustainable price for REE?
30:38 Upgrade in Mag REE for HRE.
31:29 The importance of Magnetic REE.
32:39 Recovery results tend not to change very much.
33:29 Other projects.
34:49 Exploration Target for Cowalinya - Pending
35:10 Why buy HRE?
37:43 Focus should be on the Business.
38:59 Conclusions