The 1.0 kg sample grades 44.3% rare earth oxide (REO) and was produced using the conventional recovery flowsheet developed by
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The production of the monazite mineral concentrate sample by the Company utilized the leach residue that was generated from the pilot plant program completed in 2015. The leach residue was further processed by flotation and magnetic separation to produce 1.0 kg of mineral concentrate grading 44.3% REO. Based on XRD analysis, the mineral concentrate contains 54.2% monazite, 3.8% bastnaesite, as well as 3.0% xenotime. Further, the NdPr oxide distribution of the concentrate is 21.2%, which is higher than several major global producers.
The Ashram Deposit's flowsheet has undergone significant development, including front-end piloting of the grinding, flotation, and leach circuits, as well as downstream bench work. A primary focus for the Company has been on this front-end beneficiation process to produce high-grade mineral concentrate. The Ashram Deposit is one of only a select group of deposits in development globally that can produce mineral concentrate at high recovery (> 70%) and high grade (> 40% REO). All major hard rock REE miners globally produce mineral concentrates of at least 40% REO, which are then used for downstream processing to marketable products. Such high grades of mineral concentrate considerably reduce the downstream processing cost and risk through lower reagent use, fewer deleterious elements entering solution, and a smaller hydromet plant requirement by comparison.
Following the production of this monazite mineral concentrate sample, the Company continues to advance its metallurgical programs at
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Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include that the Company can advance the impurity removal and that impurity removal may increase overall REE recovery in the flowsheet. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that we may not be able to further remove impurities, and even if we do, it may not increase REE recovery; changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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