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GREAT WESTERN MINERALS GROUP LAUNCHES PRELIMINARY ECONOMIC ASSESSMENT FOR STEENKAMPSKRAAL RARE EARTH PROJECT
GREAT WESTERN MINERALS GROUP LAUNCHES PRELIMINARY ECONOMIC ASSESSMENT FOR STEENKAMPSKRAAL RARE EARTH PROJECT.
About this update from Great Western Minerals Group Ltd
[{"type":"text","content":"GREAT WESTERN MINERALS GROUP LTD. TSX Venture Symbol: GWG CUSIP: 39141Y 10 3OTCQX: GWMGF GREAT WESTERN MINERALS GROUP LAUNCHES PRELIMINARY ECONOMIC ASSESSMENT FOR STEENKAMPSKRAAL RARE EARTH PROJECT (July 26, 2012) - Saskatoon, Canada: Great Western Minerals Group Ltd. (“GWMG” or the “Company”, TSX:V - GWG) is pleased to announce that it has contracted Snowden Mining Industry Consultants (Pty) Ltd. (“Snowden”) of Johannesburg, South Africa to complete an independent Preliminary Economic Analysis (“PEA”) for the Company’s Steenkampskraal rare earth project. As a competitive bidder for this undertaking, Snowden was particularly advantaged as it is familiar with the South African mining and legislative environment. Additionally, Snowden held the pivotal role in the preparation of the National Instrument 43-101 technical report and resource calculation for the Steenkampskraal project. (See May 31, 2012 news release: GWMG Files NI 43-101 Resource Estimate & Technical Report on Steenkampskraal Rare Earth Property). GWMG President and Chief Executive Officer Jim Engdahl said, “The engagement of Snowden to complete the PEA will enable our Company to further develop and communicate financial projections for our complete corporate structure based on independent analysis of the mining of rare earth-bearing monazite, extraction to mixed chloride, separation of oxides, and metal and alloy production, as encompassed by our fully integrated, value-added business model.” Great Western Minerals Group Ltd. is an integrated rare earth processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company’s wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminum, n...