Share
5,261 Posts.
lightbulb Created with Sketch. 408
clock Created with Sketch. 16/06/19
18:26
Share
Originally posted by kellbys:
↑
PM8 - Pensana Metals - Developing the Longonjo Rare Earths Project - Angola. the delivery of a low capital cost open pit mining operation and exporting floatation concentrates to customers in China via the recently upgraded Benguela rail line and the Atlantic Port of Lobito .given the work completed to date and the relative simplicity of the operation, following the completion of the PFS, it should be possible to move immediately into Front End Engineering Design and Engineering Procurement Construction. of .65% NdPr comprises 22.9 million tonnes at 4.16% REO and .86% NdPr containing around 953,000 tonnes REO including 197,000 tonnes NdPr. The deposit occurs as a blanket of soft weathered material averaging around 30 metres in thickness and up to 75 metres in places. The highest grades occur from surface. The deposit remains open at depth and in a number of directions laterally. Further drilling is expected to increase the Mineral Resource estimate. WOODto undertake a study on a1.5 mtpa flotation operation producing 95,000 tonnes of NdPr concentrate for export to China. The high NdPr grade, low mining costs, good metallurgy and close proximity to major rail highlights the potential to generate very strong cash flow margins. The high margin NdPr concentrate export strategy avoids the excessive capital cost of downstream processing. It’s the fact that it’s located right next door to the Chinese‐built US$1.8 billion Benguela rail line which links the project with the Atlantic deep‐water port of Lobito and directly onto customers in China.The earlier Scoping study by WOOD highlighted the benefits of the Chinese funded infrastructure, the high NdPr grade, low mining costs, good metallurgy and the available low‐cost hydro‐electric power .We are now working with them to engineer and design a low capital cost flotation operation that can establish Pensana as a long‐term reliable supplier of high value NdPr concentrates to customers in China.”Hole LRC172 intersected deeply weathered carbonatite up to 70 metres in thickness in this position.
Expand
The perfect storm brewing with the US reliant on Australian companies for REE supply and development whilst China are soon to become net importers of NdPr which ultimately is the critical REE to fuel the EV revolution.
