". . .The junior is conducting metallurgical studies to see if the heavy rare earths can be liberated in a cost-effective manner. This bench scale study is not expensive, will be completed in Q2/13 and will dictate if Area 4 proceeds to the PEA stage. . .either management gets a green light to fast-track Area 4 as a short-term heavy rare earth supply solution, or it gets a red light, which signals it to look for other projects in Namibia where it has established itself. Namibia is operated by the Africa-experienced team of Gerry McConnell and Don Burton, and backed by the mining finance house Endeavour Mining Corp."
Namibia Rare Earths' management team ran Etruscan Resources in West Africa. They had great exploration success working in five countries and building the largest land position of any junior resource company. . .they think the geology at Lofdal is like a treasure chest. Management has focused on resource development and building a credible resource with great potential for expansion, as opposed to rushing Lofdal to a PEA or to complete off-take agreements. Consequently, having achieved the highest basket price among other REE companies, it certainly is going to get a close look. Investors interested in Namibia Rare Earths should keep an eye open for deeper drill results that would confirm the potential to expand the existing resource even further as well as the results of the metallurgical study."