SVM DFS then add free REE
Kasiya is destined to become the world’s largest producer of both natural rutile and natural flake graphite both of which are designated critical minerals by the US and EU.
RNS released 27:5/26 confirmation
"Kasiya’s monazite concentrate contains all four magnetic rare earth elements — plus Yttrium — at TREO basket ratios consistent with or exceeding benchmark
operations, potentially recovered as a by-product of a project that is already at DFS stage with a US$2.2 billion pre-tax NPV8"
Rio hold 19% and the clock is ticking re a potential take-out, however indications appear Rio will stand aside and let it run (better for shareholders).
If this does not put a spark to the share price, we will just have to wait for Rio.