Summary (from https://newsrush.ai/m_65.html):Interim Phase 2 Metallurgy Green Lights Sybella REO
3 June 2024 9:19 AM | 23 Pages
The interim results of Red Metal's second phase metallurgical study at the Sybella rare earth oxide discovery indicate promising low-cost, low-capital heap leach processing potential.Summary
- Red Metal reports positive interim results from Phase 2 metallurgical studies at the Sybella project.
- Key findings suggest low-cost, low-capital heap leach processing is feasible.
- High REO extractions achieved with low levels of sulphuric acid.
- Coarser crush sizes (-10mm to -15mm) show high REO recoveries with lower acid consumption.
- Acid consumption rates optimized to lower levels.
- Breakthrough pH 3 leach result on fresh granite has vast tonnage potential.
- Preparations for further column leach tests and impurity removal trials are underway.
- Broad spaced step-out drilling is about 50% complete.
- Phase 1 results showed high rare earth extractions averaging 78% for neodymium and 79% for praseodymium.
Highlights
- Low-cost, low-capital heap leach processing is feasible.
- High REO extractions with low levels of sulphuric acid.
- Coarser crush sizes (-10mm to -15mm) provide high REO recoveries.
- Optimized acid consumption rates.
- Breakthrough pH 3 leach result on -15mm fresh granite over 56 days.
- Broad spaced step-out drilling about 50% complete.
Positives
- Feasibility of low-cost, low-capital heap leach processing.
- High REO recoveries with coarse crush sizes.
- Optimized acid consumption rates.
- Breakthrough result at pH 3 leach on fresh granite.
- Positive Phase 1 and Phase 2 test results.
- Ongoing drilling and preparations for further tests.
Negatives
- High iron extraction in low pH settings for fresh granite.
- Need for longer residence times in weaker acid settings.
Key Dates
- 3 June 2024: Announcement of interim Phase 2 metallurgical results.
- 1 February 2024: Previous announcement of Phase 1 results.
- 18 March 2024: Follow-up announcement of Phase 1 results.
- 13 May 2024: Initiation of step-out drilling.
- 21 August 2023: Initial RC drilling program announcement.
Alerts
- Contains better than expected results: yes
- Contains worse than expected results: no
- Contains expected results: no
- Sentiment: positive
- Forums
- ASX - By Stock
- Ann: Interim Phase 2 Metallurgy Green Lights Sybella REO
Summary (from https://newsrush.ai/m_65.html):Interim Phase 2...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RDM (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $32.96M |
Open | High | Low | Value | Volume |
10.0¢ | 11.0¢ | 10.0¢ | $9.303K | 85.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 584659 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 487749 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 577159 | 0.100 |
1 | 10000 | 0.098 |
1 | 31260 | 0.096 |
5 | 101305 | 0.095 |
2 | 16500 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 487749 | 7 |
0.115 | 232401 | 2 |
0.120 | 189200 | 2 |
0.125 | 291666 | 2 |
0.130 | 101284 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
RDM (ASX) Chart |