RE:RE:RE:RE:RE:RE:1st LOI/Partnership Go take a look here, ACDC Metals will be similar resource, similar location:
https://www.vhmltd.com.au/project/project-overview/
Monazite has been emerging for a number of years, now it's on the verge of exploding for a number of reasons but predominantly it is a low cost, reasonably quick path to meet Chinese demand for concentrate in the first instance, then develop an oxide process as ROW warrants.
Going to take something exceptional for ANY hard rock resource to get funded going forward, a lot of investors have tied their funds up in dinosaurs, and the meteor is about to strike.
At the risk of sending the Happy Clappers into a delirium some numbers from a leading Chinese analyst, some may call it boasting:
"We expect electric vehicles in 2021-2023. The demand for praseodymium and neodymium oxide in the automotive sector may reach a CAGR of 57%."
"The substantial expansion of downstream magnetic material manufacturers proves that the demand is strong: the planned capacity CAGR of major high-end magnetic material companies in the next 5 years will reach 15.5%. The side confirms that the terminal demand is strong. We expect that the rare earth praseodymium and neodymium will be short of 1442/4529/7935 tons from 2021 to 2023"
Extraordinary numbers, even Adamas would struggle to make up anything to top them, BUT they are Chinese domestic numbers!!!
Boasting they have ROW supply right where they want them, restrained & under control:
"Overseas: The three major sources of rare earth mines from Australia’s Lynas, the US’s MP, and Myanmar’s mines are unlikely to increase in the short term."
China will suck in massive amounts of monazite to feed the Dragon, Shenghe already has 500ktpa processing capacity, Iluka already supplying 10kt quarter + other Asian suppliers scrambling, hence the value of monazite rising quickly, now tied to REO.