this post was submitted on 11 Jun 2024
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2024 June 7
(...) After three years of targeted exploration, REN calculated this week a JORC-compliant inferred resource of 559 million tonnes at 1.57% total rare earth oxides (TREO). This means that the Fen carbonatite complex contains 8.8 million tonnes TREO with a reasonable prospect for eventual economic extraction, the company said. (...)
https://www.mining.com/rare-earths-norway-says-its-ree-discovery-is-europes-largest/
https://www.ga.gov.au/scientific-topics/minerals/mineral-resources-and-advice/australian-resource-reviews/rare-earth-elements "The group of metals referred to as rare earth elements (REE) comprises the 15 elements of the lanthanide series. Metals in the lanthanide series are: lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd), promethium (Pm), samarium (Sm), europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb) and lutetium (Lu). In addition, yttrium (Y) and scandium (Sc) are often grouped with the lanthanides and referred to as REE."
Very good yes ... and since all these are quite valuable, this few million ton's discovery is likely to be worth tens of trillions (โฌ or $)