RICHARD BRESCIANINI, HEAVY RARE EARTHS LIMITED (ASX:HRE) ON COWALINYA PROJECT AND WHAT DRIVES

Ree Economics

HRE's Cowalinya project in Western Australia is located 100km north east of Esperance and only 40km east of a sealed highway and rail line that links Kalgoorlie with the port at Esperance.

This Cowalinya strategic location was meticulously selected based on promising historical drilling results, showcasing the presence of rare earths anomalies in pristine bedrock. Even more enticingly, higher grade supergene concentrations of rare earths have been discovered in the overlying in-situ weathered saprolite profile.

HRE resource appears to be headed for a substantial upgrade, boasting a higher grade than initially projected. Remember, the REE business is a longterm endeavor, and wise investors should conduct thorough research and adopt a strategic approach for sustained success.

What drives REE Economics

Looking ahead, a potential partnership in non-China-based downstream operations could propel HRE to new heights. Collaborations in the Esperance region present an ideal location, especially for non-China economies seeking to bolster their REE supply and manufacturing capabilities. The Australian government's support for valueadding industries in this area would undoubtedly make perfect sense. Go to the video 45:45 and listen to Richard as he explains about the Economics in the REE market.

Richard, a seasoned expert in the field, underscores a crucial approach to skillfully leaching the REEs out using advanced acidbased methods. Richard's strategic insight highlights the importance of striking the perfect balance between cost efficiency and profitability.

Richard's exceptional industry experience and in-depth understanding of China's complexities provide a unique advantage that sets him apart from his peers.

One key takeaway from our discussions: a pathway to developing the Cowalinya project is beginning to emerge. Now, the focus shifts to accelerating the metallurgical program to produce product samples for customer assessment and qualification, and demonstrating that HRE’s land position can host sufficient resources to support a long-term, sustainable rare earths operation.

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