Aclara Announces Results from Technical Reports on Its Integrated Heavy Rare Earths Supply Chain
Original announcement by tmx on
- Company
- Aclara Resources Inc.
- Ticker
- ARA
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Rare earths
- Secondary commodities
- Dysprosium, Terbium, Neodymium, Praseodymium, Yttrium, Gadolinium, Samarium, Lutetium, Europium, Ytterbium, Holmium, Erbium, Thulium, Iron ore
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-15 10:48:53 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Aclara Resources announced positive results from technical reports covering its integrated heavy rare earths supply chain, from mining to alloys. The Carina Project Feasibility Study, Project Dynamo Scoping Study, and Metals and Alloys FEL 2 Technical Report all demonstrate strong economics and robust production plans for critical rare earth elements. Additionally, the Penco Module in Chile shows significant Measured and Indicated mineral resources, further supporting the company's long-term supply strategy.
Reasoning: The announcement details positive results from multiple technical reports across an integrated heavy rare earths supply chain, demonstrating strong economics, advanced technical progress, and robust resources, significantly de-risking the company's strategy for critical rare earth elements.
Positive factors
- strong_economics
- vertically_integrated_supply_chain
- high_purity_product
- proprietary_technology
- pilot_scale_complete
- significant_contained_metal
- high_measured_indicated_percentage
- ni_43_101_compliant
- strategic_partnership
- heavy_rare_earth_focus
Negative factors
- phase_development_for_some_elements
- penco_module_not_yet_integrated_into_us_hub
- scoping_study_and_fel2_lower_confidence_than_fs
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 27
Classification and evidence
Vertically Integrated Supply Chainpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Aclara is pursuing an integrated heavy rare earths supply chain, spanning from mining operations to the production of permanent magnet alloys ('mine-to-alloys' strategy).
Evidence · text
“integrated heavy rare earths supply chain, spanning from mining operations to the production of permanent magnet alloys ("mine-to-alloys" strategy)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Carina Project Feasibility Study is prepared in accordance with National Instrument 43-101.
Evidence · text
“Feasibility Study for the Company's flagship asset, the Carina Project prepared in accordance with National Instrument 43-101”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Carina Project Feasibility Study was led by Hatch Consultoria em Projectos Ltda., implying QP sign-off for NI 43-101 compliance.
Evidence · text
“Feasibility Study led by Hatch Consultoria em Projectos Ltda. ("Hatch")”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Extensive pilot plant operations were conducted for Carina, and a pilot plant is active at Virginia Tech for Project Dynamo.
Evidence · text
“Extensive pilot plant operations conducted in Goiânia throughout 2025”
Proprietary Technologypositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Aclara uses its proprietary Circular Mineral Harvesting process and has proprietary SX technology.
Evidence · text
“Aclara's proprietary Circular Mineral Harvesting process”
Strategic Partnershippositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The company is backed by leading industrial shareholders such as Hochschild Mining PLC and CAP S.A., and supported by strategic institutions like the U.S. International Development Finance Corporation.
Evidence · text
“Backed by leading industrial shareholders such as the Hochschild Mining PLC ("Hochschild") and CAP S.A. ("CAP"), and supported by strategic institutions such as the U.S. International Development Finance Corporation”
Heavy Rare Earth Focuspositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The company focuses on heavy rare earth elements, particularly those restricted under China's export controls, addressing a critical supply chain need.
Evidence · text
“very high concentrations of heavy rare earth elements ("HREEs"), particularly those restricted under China's export controls”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The Penco Module is characterized by a high proportion of Measured and Indicated mineral resources (~94%).
Evidence · text
“high proportion of Measured and Indicated ("M&I") mineral resources (~94%)”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Penco Module is characterized by a high proportion of Measured and Indicated mineral resources (~94%).
Evidence · text
“high proportion of Measured and Indicated ("M&I") mineral resources (~94%)”
Extracted facts
Stored fact records: 27. Some facts used in scoring do not have a stored record.
Resource Estimates (24)
indicatedPenco Module · dysprosiumTonnes: 27500000Grade: 67Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- dysprosium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 67
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“67”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · terbiumTonnes: 27500000Grade: 10Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- terbium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 10
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“10”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · neodymiumTonnes: 27500000Grade: 348Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- neodymium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 348
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“348”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · praseodymiumTonnes: 27500000Grade: 93Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- praseodymium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 93
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“93”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · yttriumTonnes: 27500000Grade: 417Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- yttrium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 417
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“417”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · gadoliniumTonnes: 27500000Grade: 56Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- gadolinium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 56
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“56”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · samariumTonnes: 27500000Grade: 57Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- samarium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 57
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“57”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · rare_earthsTonnes: 27500000Grade: 1227Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- rare_earths
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 1227
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“1,227”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · dysprosiumTonnes: 27500000Grade: 27Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- dysprosium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 27
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“27”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · terbiumTonnes: 27500000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- terbium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 4
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“4”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · neodymiumTonnes: 27500000Grade: 61Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- neodymium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 61
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“61”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · praseodymiumTonnes: 27500000Grade: 15Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- praseodymium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 15
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“15”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · yttriumTonnes: 27500000Grade: 245Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- yttrium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 245
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“245”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · gadoliniumTonnes: 27500000Grade: 18Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- gadolinium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 18
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“18”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · samariumTonnes: 27500000Grade: 11Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- samarium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 11
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“11”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · rare_earthsTonnes: 27500000Grade: 111Grade Unit: ppmView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- rare_earths
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Grade
- 111
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“111”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPenco Module · dysprosiumTonnes: 27500000Contained Metal: 739Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- dysprosium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 739
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“739”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPenco Module · terbiumTonnes: 27500000Contained Metal: 100Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- terbium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 100
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“100”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPenco Module · neodymiumTonnes: 27500000Contained Metal: 1673Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- neodymium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 1673
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“1,673”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPenco Module · praseodymiumTonnes: 27500000Contained Metal: 403Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- praseodymium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 403
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“403”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPenco Module · yttriumTonnes: 27500000Contained Metal: 6721Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- yttrium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 6721
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“6,721”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPenco Module · gadoliniumTonnes: 27500000Contained Metal: 495Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- gadolinium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 495
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“495”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPenco Module · samariumTonnes: 27500000Contained Metal: 310Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- samarium
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 310
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“310”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPenco Module · rare_earthsTonnes: 27500000Contained Metal: 3046Contained Unit: tView all detailsHide details
Identity
- Project
- Penco Module
- Commodity
- rare_earths
- Region
- chile
- Reported Region
- Biobío Region of Chile
- Ticker
- ARA
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:0265d18f2e989105928f
Resource Data
- Category
- indicated
- Tonnes
- 27500000
- Contained Metal
- 3046
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-03-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Penco Module resource demonstrates a high proportion of Measured and Indicated resources for critical heavy rare earth elements, providing a robust foundation for the integrated supply chain.
Positive factors
- high_measured_indicated_percentage
- significant_contained_metal
- focus_on_heavy_rare_earths
- ni_43_101_compliant
Evidence · table
“3,046”
Context: 27.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Metallurgical Results (3)
pilot plantCarina Project · rare_earthsView all detailsHide details
Identity
- Project
- Carina Project
- Commodity
- rare_earths
- Region
- brazil
- Reported Region
- Goiás, Brazil
- Ticker
- ARA
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- ion-exchange (Circular Mineral Harvesting)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Carina Project utilizes a proprietary ion-exchange process validated through extensive pilot plant operations, demonstrating a low-impact and efficient extraction method for rare earths.
Positive factors
- proprietary_technology
- pilot_scale_complete
- environmentally_friendly_process
Evidence · text
“Circular Mineral Harvesting process, an ion-exchange technology that uses a recyclable ammonium-based solution to selectively extract rare earths. Extensive pilot plant operations conducted in Goiânia throughout 2025.”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantProject Dynamo · rare_earthsView all detailsHide details
Identity
- Project
- Project Dynamo
- Commodity
- rare_earths
- Region
- usa
- Reported Region
- Louisiana, U.S.A.
- Ticker
- ARA
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- solvent extraction (SX)
Lab
- Laboratory
- Virginia Tech
- Consultant
- L3 Process Development
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: Project Dynamo's solvent extraction process is being validated at a pilot plant at Virginia Tech, providing critical data for engineering design and scale-up of individual rare earth oxide production.
Positive factors
- pilot_scale_complete
- proprietary_technology
- supports_engineering_design
Evidence · text
“process is based on solvent extraction ("SX"), utilizing multiple extraction, scrubbing, and stripping circuits to produce high-purity individual oxides. Aclara's pilot plant at Virginia Tech, with results supporting engineering design and scale-up.”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
demonstration plantMetals and Alloys · rare_earthsView all detailsHide details
Identity
- Project
- Metals and Alloys
- Commodity
- rare_earths
- Region
- usa
- Reported Region
- Louisiana, U.S.A.
- Ticker
- ARA
Test Work
- Program Status
- detailed
- Test Type
- demonstration plant
- Processing Route
- fluorination, molten salt electrolysis, vacuum induction melting, strip casting
Lab
- Consultant
- Huachipato ("HTO")
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-13T00:00:00.000Z
Reasoning: The Metals and Alloys project is advancing a demonstration plant for its integrated fluorination, electrolysis, VIM, and strip casting processes to produce rare earth metals and alloys, reducing scale-up risk.
Positive factors
- demonstration_plant_progress
- proprietary_technology
- integrated_process
Evidence · text
“fluorination to produce NdPr, Dy, and Tb fluorides; molten salt electrolysis ("electrolysis") for NdPr and FeDy metal production; vacuum induction melting ("VIM") to produce Tb metal; and strip casting to produce NdFeB alloys. Aclara is advancing a demonstration plant to produce rare earth metals and alloys using electrolysis technology”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.