Explore "rare earth" with insightful episodes like "The Fermi Paradox Compendium of Solutions & Terms (Narration Only)", "Heavy Rare Earths Limited (ASX: HRE) - Mineral Resource Upgrade | Coffee With Samso Ep. 190", "OD6 Metals Limited (ASX:OD6) Release Maiden Mineral Resource Estimate.", "Venture Minerals Limited (ASX: VMS) - Building a Rare Earth Portfolio in Western Australia" and "151: These Darn Youngsters - Evolving Electric Motor Design" from podcasts like ""Science & Futurism with Isaac Arthur", "Coffee with Samso", "Coffee with Samso", "Coffee with Samso" and "Still To Be Determined"" and more!
In the grand theater of the cosmos, amidst a myriad of distant suns and ancient galaxies, the Fermi Paradox presents a haunting silence, where a cacophony of alien conversations should exist. Where is Everyone? Or are we alone?
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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.
Coffee with Samso Episode 180, Brett Hazelden, Managing Director and CEOofOD6 Metals Limited (ASX: OD6)explains the highly anticipated Mineral Resource Estimate.
As the understanding of investors matures over the Rare Earth market, companies in this sector need to show that their story is moving forward. The release of the mineral resource by OD6 is significant as it starts to show the real pieces of the their approach in delivering value to shareholders.
A Recap of the OD6 Metals Limited (ASX: OD6) Story.
OD6 Metals is all about Rare Earths Elements (REE) in the southern region of Western Australia. It is located just north of the town of Esperance. As we were doing this Coffee with Samso, the market capitalisation of the company was around AUD26M and the share price was sitting around AUD 0.25.
The company is focusing on both the Grass Patch and Splinter Rock project which have both undergone drilling campaigns defining potential resources. Figure 1 shows the recent investment highlights for the company in the most recent presentation.
In this episode of Coffee with Samso Brett share with us what the Maiden Resource means and how it shapes the OD6 story. The 344Mt @ 1308ppm TREO is simply stating a baseline for the continuing work to establish a mining proposition. As I have mentioned several times, the Rare Earth players out in the market place is poised to clear a lot of misunderstanding or misinformation.
Like everyone interested in this space, the first market misconception to debunk is that there is a marked difference in "Ionic" and Non-Ionic" clay REE deposits. There is no physical noticeable difference. The only factor that differentiates the so called two types is its ability to leach out the elements easily.
Brett gives a good explanation of why the market needs to understand that there are many factors that go into a leachable product. The economics of the entire process needs to be considered.
What are the Key Points of the Unlocking of the Downstream Process?
In my opinion, the key discussion point for the OD6 Metals story at this stage is about the metallurgical aspects of the resource. The annoucnement of the Mineral Resource Estimate (MRE) is a step forward in establishing the fact that the resource exist and the grade is "good". I say "good" at this stage is because there is not really a lot of factual evidence on what is the grade that will work.
The cut off grade that was chosen is an indication that OD6 realise that there is a need for a high grade to make the processing story work. This is a good sign that the company understand that the process of extracting is not easy. Brett is putting the market on notice that the difficulty of extraction is one that will eat away at the technical nature of the deposit.
In the Coffee with Samso, Brett highlights that the high grade nature of the Splinter Rock Resource is a big positive. There is a good reason that in our industry, we say Grade is King. The cut off grade is almost starting a baseline of what is required to make the equation work for OD6.
The discussion of making sure all the parameters balance out with the economics and the ESG factors is clear and out in the the open. I like the fact that Brett does not shy away from telling the market the challenges.
The final thought on the take away from this Coffee with Samso is that the resource is only just 5% of the total potential in the Splinter Rock project. So if 344MT @1,308ppm TREO is the current resource and OD6 have only touched 5% of the project, then there is a lot of upside for OD6 Metals.
Samso Conclusion
The OD6 story is a work in progress where it has the potential of making its on success. What do I mean? In this Coffee with Samso, Brett outlines to the market that there is indeed a real resource in Splinter Rock. Brett has not only outline the potential abundance of resource, but it comes with one of the highest known resource grade.
As I have mentioned above, the story is unraveling and as the market is narrating itself on the future of the OD6 story, I think the majority of the market is not understanding that the "Alluvial" Rare Earth story is in its infancy. The jury on what works and what does not work is still having lunch and preparing for a long stint in the jury box.
There are many comments that you need an "ionic" style and the "clay" styles will not work is starting to be erroneous. As I am blessed in being able to talk to may people, I feel strongly that the real story will surprise many people.
What I find interesting is that investors always think that the process of business is rocket science. As many Samso followers will know, I like using analogies with food. The business of making money is no different to the guy selling pancakes or muffins.
The market for Rare Earth is now on the table due to the geopolitical situation of requiring "Western" sources. This need will allow the business of making Esperance a region for Rare Earth more realistic. OD6 is in the prime position to take advantage as it has two major components in its story, a large resource and its high grade nature in the resource.
The business of balancing the leachability and the cost of making it happen is all a matter of time. Investors need to be reminded that the business of mining is measured in years and decades. The likes of Warren Buffett invests for the long term and that is why they are the successful people we quote.
Chapters:
00:00 Start
00:20 Introduction
01:19 Splinter Rock Mineral Resource
01:55 1000ppm cutoff grade at Splinter Rock
04:40 How should investors look at the Maiden Mineral Resource?
05:55 Is the extraction process the more important discussion?
12:58 The larger the volume, the larger the area?
14:30 How much bigger can the resource get in terms of numbers?
17:49 The challenge of the mining sector
22:22 The geological consistency of the MagREO percentage
23:50 The significance of the hosting base rock in terms of chemistry
24:33 Possibility of grade variability?
26:13 Discussion about the rare earths market
27:19 The cost of mining soft rock and hard rock
29:03 Discussion about the current equity market
31:32 News flow
35:26 Main takeaway about the Maiden Mineral Resource
Rooster Talk 72 is all about Venture Minerals building a Rare Earth project portfolio.
It is no surprise thatVenture MineralsLimited(ASX:VMS)is now adding Rare Earths to the portfolio. The creation of a Decarbonisation Mineral Exploration Portfolio makes complete sense.
The phrase "Rare Earths are Not Very Rare" is now way too over used. The REE scene has kind of matured in an accelerated way. One of the best Samso conversations is with Brett Hazelden, the Managing Director of OD6 Metals Limited.
Check out the first Coffee with Samso that Brett did with Samso. It is a great start to understanding what it takes to develop a Rare Earth project.
As Andrew mentioned, Venture Minerals have been looking at Rare Earth projects for a while now. Their first mention was the discovery of REE within the Mount Lindsay project. This was first released on 20th September 2022. All the news releases are listed below.
To me, this is part of the reasons why I like Venture. Dont get me wrong, I am not saying that Venture is travelling well now. The market sentiment for the company has not been kind. To add more issues, the general equity market is also poor. The share price is an indication of the company's position with the market.
I see Venture creating value with the introduction of the Rare Earth story. The market is running hot on Rare Earths. The long term narrative for the permanent magnet story is strong. It is not going to happen in 5 years but if the geopolitical situation keeps going, then this is going to be a major story.
Samso's Conclusion
History tells us that there is never certainty. History also tells us that when bullies get together, it never ends well. China is now a bona fide player in world politics and there will be a shifting of participants on the world stage. The US and the West will begin to react or have reacted and this will lead to a shift of how natural resources are sourced.
We all know that for the world economy to function, there has to be a balanced sharing of wealth. In this case, the wealth is where you source minerals. We are already seeing changes in geopolitical commentary of who should be and should not be dominating resources.
Hence, the path forward will be positive for resource nations like Australia. Venture, like all the other companies will reap the rewards of the changing geopolitical game. The introduction of REE into the portfolio will do not harm. What they will find eventually is the question butNothing Ventured, Nothing Gained.
Chapters:
00:00 Start
00:20 Introduction
00:52 The REE path.
02:34 The New REE projects.
06:52 Can EM help define targets at Bandy and Brothers project?
09:10 Clay REE vs. Hard Rock REE - Discussion
11:25 How to manage the large Venture portfolio?
17:09 The Path Towards Decarbonisation.
23:00 The importance of being Polymetallic
27:00 Market narrative is All about Market Demand.
28:19 Demand for Commodities are Known to be driven by World Current Affairs.
Matt and Sean talk about why a 17-year old going back to first principles to solve a specific electric motor problem is important. It’s not the what, but the why.
Watch the Undecided with Matt Ferrell episode, “Why This 17-Year Old's Electric Motor Is Important”: https://youtu.be/35JuW3bcp04?list=PLnTSM-ORSgi7UWp64ZlOKUPNXePMTdU4d
A very special 300th episode, they have a limited release from Iron Root. They smoke the CAO BX3 with this brandy and talk about the connection between Iron Root and the Cognac region of France. Eventually, they discuss a new rare earth discovery on a mountain side in Maine.
One of the best kind of exploration stories are those that have substance and have a reasonable potential for it to come true.
The Mount Ridley REE project is something that stands out from the crowd. As an observer of the recent REE announcements coming out of the woodwork, I am learning bits and pieces. My understanding of the REE industry has been largely from my Coffee with Samso withNorthern Minerals Limited (ASX: NTU).
The appearance of REE in Ionic Clays have made a splurge in recent times. I don't have much understanding and this was a great opportunity to talk to someone in this recent trend. It was refreshing to be able to talk to industry and learn whether REEs are REEs or Not.
In this episode of Coffee with Samso, Guy shares with us the history and the contents of the MRD REE story. It was enlightening to hear from Guy that the REE deposit is not Ionic clays and that they actually don't know much about the project. The company is in a learning phase and the upcoming drilling will drive a clearer picture on the whole project in the next twelve months.
What I like about this project is that it is 35km from a port, have a highway, railway and a gas pipeline adjacent to the project. This is critical in any project and as the company continue to work on the technical aspects.
I encourage viewers to look at this story as a early exploration project or an early development mineral project.
Chapters:
00:00 Start
00:20 Introduction
01:52 Guy Introduction
02:32 How did MRD come up with the project?
03:40 What elements of the REE do MRD have?
04:42 What does TREO mean?
05:56 What do we read TREO?
07:11 The large Footprint for MRD.
07:50 Can investors assume the consistency of REE mineralisation?
09:11 Is this an alluvial process?
10:34 Can The project be host to other metals?
11:41 The REE market?
12:47 Could REE have ESG compliant issues which will lead to supply issue?
14:11 The geopolitical changes are driving the REE demand.
14:44 Co-Funding collaborations in Critical Metals.
- Honda Wants Employees to Oppose Union EV Tax Credit - Cadillac Slashes Amount of Dealers - Elon Musk Polls Twitter Followers About Selling Tesla Stock - Tesla Sells More Than 54,000 China-Made Models Last Month - Renault Repurposes Plant to Remanufacture Used Cars and Batteries - UK Looks to Revive Rare Earth Magnet Production - VW Launches New ICE Models in India and South America - Advantages of Lithium-Sulfur Batteries
Es fühlt sich irgendwie einen Tick zu theatralisch an, diesen Satz zu schreiben, aber here we go: Auf diesen Moment haben wir ein ganzes Jahr lang hingearbeitet! Denn hier ist sie, die zehnte Review zum zehnten Album aus mortens »Escape The City«-Universum! Eine Reihe, die wir von der ersten Sekunde an mitverfolgt und mal positiver, mal kritischer, aber immer mit einem großen Anteil Vorfreude besprochen haben.
Schließlich darf man trotz all der Höhen und Tiefen (in der Reihe selbst, aber auch drumherum) nicht vergessen, dass einer unserer Lieblings-Künstler einfach eine wahnsinnige Anzahl von Songs und (neuen) Facetten präsentiert und so unser Musikjahr 2020 erheblich mitgeprägt hat.
Wir nutzen diese Folge deshalb nicht nur dafür, über die fünf Songs von »We Built This City« zu sprechen, sondern auch, um diese gesamte Reise Revue passieren zu lassen. Zu diesem Zweck haben wir uns (nach Input von euch) dazu entschieden, eine Playlist mit unseren 21 Lieblings-Songs der »ETC«-Reihe anzulegen. Damit das mathematisch sexy wird und ihr auch Teil daran habt, läuft das folgendermaßen: Wir beide haben bereits je zehn Songs gepickt, die wir in dieser Folge noch einmal kurz besprechen und ihr wählt aus allen verbleibenden Tracks den 21. Song der Playlist! Kommentiert dafür einfach euren Favoriten unter dem Instagram-Beitrag zur Folge oder unter dem Video bei YouTube! Wir zählen alle Kommentare zusammen und fertig ist die FWC-ETC-Playlist!
Wir hoffen, ihr hattet viel Spaß mit unserer Besprechung der gesamten zehn Alben und lasst euch auch diese letzte Folge nicht entgehen!
Zu unserer »Escape The City«-Playlist: https://open.spotify.com/playlist/098YvAUoTrc0SOnxuUTTO4
The Budos Band "King Charles" (Daptone)
The Motet "Rynodub" (Motet)
Lettuce "The Force" (Lettuce)
Dumpstaphunk "I Wish You Would" (Red Hot)
Orgone "The Cleaner" (Ubiquity)
Kane Sugar "The Bump" (Freestyle)
The New Mastersounds "Way Out West" (One Note)
Polyrhythmics "Chingador" (Kept)
Turkuaz "Physical Challenge" (Turkuaz)
Rare Earth "I Couldn't Believe What Happened Last Night" EDIT
The Soul Motivators "Dr. Know It All" Instrumental (Do Right)
Snarky Puppy "Tio Macaco" (Ropeadope)
The Haggis Horns "Keep It Tight" (Haggis)
Vulfpeck "Back Pocket" (Vulf)
