52.5% TREO in MREC produced from ANSTO TESTWORK  

• Production of a high grade mixed rare earth carbonate (MREC) grading 52.5% TREO which contains exceptionally high levels of magnet oxides 41.5% from field trial liquor solution

Highlights

·       52.5% TREO in MREC product produced from ANSTO flowsheet testwork in Sydney delivering outstanding high quality final product from Ema field trial solutions

·       41.5% magnet rare earth oxides (MREO) as a proportion of total rare earth composition is one of the highest grade products produced in the western world  

·       Low impurities representing <2% of MREC  

·       MREC produced without the need for any complex flotation and/or hydrometallurgical processing eliminating the need of some 80-90% of CAPEX compared to most rare earth projects

·       MREC samples have been sent to prospective offtakers for validation testing as part of ongoing discussions

·       ANSTO to continue with follow-up optimisation testwork around impurity removal and MREC precipitation

·       Results to be incorporated into upcoming bankable feasibility study

·       Company is fully engaged with all required State and Federal Government Departments with respect to the ongoing permitting process