Business
Appointment of Lead Engineer to PFS on Cinovec
Appointment of Lead Engineer to PFS on Cinovec.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 8547E Rare Earth Minerals PLC 21 July 2016 \n\nRare Earth Minerals Plc\n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\n \nAppointment of Lead Engineer to PFS on the Cinovec Lithium - Tin Project\n \nRare Earth Mineral Plc (AIM: REM; OTC: REMMY) is pleased to report that European Metals Holdings Limited (\"EMH\"), in which REM owns a 16.4% shareholding, has appointed Ausenco Services Pty Ltd (\"Ausenco\") as the Lead Engineer to the Pre Feasibility Study (\"PFS\") of the Cinovec Lithium/Tin Project in Czech Republic. The full EMH announcement can be found at: http://europeanmet.com/assets/AIM_-_21_July_2016_-_EMH_-_Apointment_of_Lead_Engineer.pdf\n \nThe PFS, which is expected to be completed early in 2017, will build on the Company's positive Scoping Study that was released last year and will target an initial production rate of 20,000 tpa of lithium carbonate with associated tin, tungsten and sulphate of potash credits. The PFS will pave the way for a Definitive Feasibility Study in 2017.\n \nAusenco is a multinational engineering procurement, construction management, and operations service provider to the resources sector. They have significant recent relevant experience having completed an updated Feasibility Study for Talison Lithium's lithium carbonate plant in Australia and the PFS for Bacanora Minerals' Sonora Lithium Project in Mexico. They are the process engineers for Sonora's current Feasibility Study.\n \nKiran Morzaria, Chief Executive of REM, commented:\n \n\"Ausenco's recent experience in the lithium sector and project development will complement the internal team as they develop the Cinovec project. We look forward to the ongoing updates as this strategic asset continues to move forward.\n \nQualified Person: \nKiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance).\n \n- Ends -\nFor further information, please contact: \nRare Earth Minerals plc\nAndrew Suckling  ...