The other thing the announcement helps explain is the higher recovery. Zircon has the highest of the specific gravities (s.g.) higher than titanium minerals (including rutile which is almost pure TiO2).
It will be recovered preferentially to the thrash minerals which are usually alumino-silicates and with an s.g. of 2.5 to 3.5 v's ZrSiO4 of 4.6.
If you wanted to you could push the plant hard and still lose very little to tails on the easy stuff they're targeting in that strand the announcement is about.
Starting to show a NPV of 30c / share is being underpinned but they have to deliver on the Boonanaring extensions (and bring those tow recalcitrant farmers up North onside).
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