December 3, 2023

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Grinding Crushing Tests on REE Ore Yield Favorable Success

Mined product at the venture is amenable to typical strategies, which has “favourable implications for [the] project charge profile,” mentioned a Noble Cash Marketplaces report. &#13

Defense Metals Corp. (DEFN:TSX.V DFMTF:OTCQB 35D:FSE) declared that benefits of crushing and grinding tests on different samples extracted from the Wicheeda unusual earth (RE) deposit were being good, documented Noble Money Markets analyst Mark Reichman in a March 1 exploration note.

This is one more action towards the completion of a prefeasibility review (PFS) of the challenge in British Columbia slated for Q1/24.

The Canadian exploration firm is Outperform rated and now buying and selling at about CA$.25 per share. Noble’s goal rate on it, in comparison, is CA$.70 for each share. The difference in the two charges indicates eye-catching gains for investors.

The new comminution check facts verified that Wicheeda ore is amenable to traditional grinding operations, like a semi-autogenous grinding mill-ball circuit, famous Reichman. This is superior news for Defense Metals as this approach demands “comparatively minimal” electrical power and provide charges.

Noble Capital thinks the forthcoming PFS will be “persuasive,” wrote Reichman.

The values received during this testing have been equivalent to previous ones in 2019, generated using a bulk sample and applied in the 2021 preliminary financial evaluation.

“The [new] benefits will support figure out the style of the crushing and grinding plant” that will be provided in the PFS, together with drill benefits from Defense Metals’ 2021 and 2022 programs.

Noble Cash thinks the future PFS will be “compelling,” wrote Reichman.

“In addition to sizeable possible to increase the resource and extend the mine existence over and above 19 a long time, we count on quality improvement and the significant conversion of Inferred to Indicated and possibly Measured sources,” the analyst included.

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ANALYST Qualifications, Specialist DESIGNATIONS, AND Expertise

Senior Equity Analyst focusing on Essential Supplies & Mining. 20 yrs of experience in fairness analysis. BA in Business enterprise Administration from Westminster  Higher education. MBA with a Finance focus from the University of Missouri. MA in International Affairs from Washington College in St. Louis.  Named WSJ ‘Best on the Street’ Analyst and Forbes/StarMine’s “Finest Brokerage Analyst.”  FINRA licenses 7, 24, 63, 87. 


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