richard brescianini

Explore "richard brescianini" with insightful episodes like "Heavy Rare Earths Limited (ASX: HRE) - Preparing for 2024.", "Heavy Rare Earths Limited (ASX: HRE) - Mineral Resource Upgrade | Coffee With Samso Ep. 190" and "Heavy Rare Earths Limited (ASX: HRE) - What Drives the REE Economics." from podcasts like ""Coffee with Samso", "Coffee with Samso" and "Coffee with Samso"" and more!

Episodes (3)

Heavy Rare Earths Limited (ASX: HRE) - Preparing for 2024.

Richard Brescianini, is back with Coffee with Samso Episode 191 and sharing with us the path forward with Heavy Rare Earths Limited (ASX: HRE).

I have always said that Richard Brescianini, the Executive Director of Heavy Rare Minerals Limited, is the best person when it comes to understanding how the Rare Earth sector functions. Richard has had decades of experience within the sector and in this Coffee with Samso, he shares with us what is happening with HRE and what is the path forward in 2024.

The rare earth sector is undergoing some reality checks and as investors look around, there are only a real handful of companies left that can be considered as real contenders. There is a rush to go to Brazil to chase the so-called "ionic" projects but what everyone has to consider is what will be the economics of the business.

In this episode, Richard and I discuss what makes the business work. The metal extraction is critical and we know the answer is acid. The more acid we use, the more metals we get out. The cost of the acid extraction is a big hurdle but don't forget all the other aspects of the business.

Australian Clay Rare Earth projects may appear to be lacking in properties that are beneficial to having a good REE project, but they have lower jurisdiction risks, and hence the cost of having a sustainable infrastructure becomes challenging. Projects need to have consistency in all aspects of the deposit, such as metallurgical factors and grade.

We also discussed the other projects such as Duke and Perinjori. There was some exploration news on Duke and we had a good discussion on the merits of the project.

Samso's Conclusion

This Rare Earth sector requires investors and companies to have a long-term view of commercialisation. We all know that the challenge in working on clay rare earth projects has been a long road and very challenging. There have been many comments that the outcome for the companies promoting these projects will end in tears. If you have been following the markets you will be swayed with the depressed equity market.

I must admit that I had similar thoughts. My thoughts are whether the demand and the hype would be sustained. I recently attended a Rare Earth Conference in Canberra and I was surprised that I was super attentive over the 3 days. I think I may have only missed one talk. What I took away from that conference was a renewed enthusiasm for the sector.

The main reason is that there appears to have been a lot of money already spent. Furthermore, there seems to be a lot more money that is in place to help create a new downstream chain that is outside China. Before going to the conference, I heard all the talk but one has to take all those noise with some caution.

However, after the conference, I am convinced that the talk is real and the demand for more REE is believable. The establishment of the downstream process is in no way near being completed but the process is there. The amount of money that has been pledged to establish a non-China-aligned downstream chain is staggering. The projected demand for REE for our electrification journey appears to ensure the longevity of companies such as HRE.

Hence, my opinion for those who are interested in this sector should DYOR and look into what is happening behind the noise you hear from the general stream of news. Spend some time and look into what is happening in the real REE world.

Chapters:

00:00 Start

00:20 Introduction

01:10 Cowalinya Exploration Target

06:03 Could the geology create issues for your Exploration Target at Cowalinya?

09:05 All about the Duke Project.

14:03 Do you think Duke could have a different REE chemistry?

17:24 New Project - Perenjori

22:32 Discussion about the clay-hosted space

27:21 A second supply chain for the rare earths market?

37:58 What are the immediate goals for HRE to monetise the business?

44:17 What could disrupt the planning?

47:21 What should investors be looking out for?

52:05 Conclusion

enDecember 10, 2023

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

enOctober 08, 2023

esperance ree projects

cowalinya ree project

Heavy Rare Earths Limited (ASX: HRE) - What Drives the REE Economics.

Coffee with Samso Episode 181 is with Richard Brescianini, Executive Director of Heavy Rare Earths Limited (ASX: HRE)

The HRE story is a management-focused project led by Richard Brescianini, a highly experienced operator in the REE industry, and people like him are few and far between. His insights into the sector are extremely valuable, especially considering the lack of visibility to non-China related industries. Richard's time with Arafura Resources Limited is invaluable to the company.

In this episode, you will get to know Richard and understand his thinking process as he drives the current project forward. Speaking with Richard, it becomes clear that he operates on a different wavelength. Viewers of Coffee with Samso should take away the fact that Richard is a skilled practitioner in a complex industry with its fair share of secrets.

Richard has personally visited the factories that produce magnets and has engaged with both factories and refineries competing in an economy controlled by a State. It is interesting to note that while the Chinese State acts as the ultimate puppeteer, they also foster fierce competition within the sector to drive productivity.

The HRE Story

The story of Heavy Rare Earths Limited is all about the Cowalinya project in Western Australia. The project is located 70km south-east of Norseman, a small gold mining town 187km directly south of Kalgoorlie.

Cowalinya project in Western Australia｜Coffee with Samso｜Samso

Figure 1: Location of the Cowalinya project in Western Australia. (Source: Heavy Rare Earths Limited)

The Cowalinya area was primarily chosen on the basis of historical drilling which indicated the presence of anomalous rare earths in fresh bedrock and higher grade supergene concentrations of rare earths in the overlying in-situ weathered saprolite profile.

Samso's Conclusion

Over the past 24 months, the Samso platform has had the privilege of showcasing a series of Clay Rare Earth stories. It has truly demonstrated why the Samso platform is effective in sharing stories in long form. The complexity of understanding the Clay REE business is precisely why the Coffee with Samso conversations with experts like Richard Brescianini are so valuable.

In the case of Heavy Rare Earth, Richard emphasizes the importance of leaching the REE out with acids and finding the right balance between cost and profits.

Essentially, the market price needs to be lower than the cost of extracting the metals. Richard's extensive industry experience and understanding of the complexities behind the scenes in China give him a unique advantage that his peers may not possess.

One key takeaway from these conversations is that there is no longer any doubt about the ability to extract the metals. Numerous companies have released metallurgical results showing successful extraction. The focus now shifts to having the necessary resources, grade, and ingredients to make things happen. If someone discovers a more efficient method to extract a greater amount of metals from any grade, it would be a game-changer.

It appears that the HRE resource will be substantially upgraded, with a higher grade than initially stated. The REE business is a long-term game, and wise investors should do their own research (DYOR) and consider long-term investment strategies.

Looking ahead, a potential partnership in non-China based downstream operations could be the next step for HRE. This would add further value to the process. The Esperance region is an ideal location for such partnerships, especially if non-China economies aim to establish a stronger foothold in the supply of REE and manufacturing. It would be a logical decision for the Australian government to support the creation of value-adding industries in this area.

Chapters:

00:00 Start

00:20 Introduction

00:43 Who is Richard Brescianini?

01:36 All about HRE

02:50 The HRE advantage in terms of metallurgy

10:01 Is there a geological control on the grade?

14:07 Is it all about labs now?

18:30 Ionic or non-ionic are not deal-breakers

22:34 Game changer in the clay sector

25:31 Importance of geological advantage

29:13 Future demand of the REE market