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GREAT WESTERN MINERALS GROUP TARGETS EARLIER DATES AND INCREASED OUTPUT AT STEENKAMPSKRAAL RARE EARTH PROJECT
GREAT WESTERN MINERALS GROUP TARGETS EARLIER DATES AND INCREASED OUTPUT AT 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 TARGETS EARLIER DATES AND INCREASED OUTPUT AT STEENKAMPSKRAAL RARE EARTH PROJECT April 21, 2011 - Saskatoon, Canada: Great Western Minerals Group Ltd. (\"GWMG\" or the \"Company\", TSX:V – GWG) announces that it has updated its plans for the Steenkampskraal Rare Earth property in South Africa. The steps in the plan may be undertaken in sequential order, or wherever possible, will be undertaken on a concurrent basis with the intent of reducing the time frame to advance the project. GWMG has immediate plans to commence refurbishment of the previously producing mine shaft at the Steenkampskraal site, re-establish the containment ponds, and address all waste disposal requirements. The Company has issued a tender call for this refurbishment work that will commence immediately after the Company confirms receipt of approval of the proposed work program from the National Nuclear Regulator of South Africa (“NNR”) under the site’s existing Nuclear License. The receipt of the NNR work program approval will also allow the Company to proceed immediately with surface and underground sampling at Steenkampskraal to begin the process of bringing the historic resource estimate into compliance with National Instrument 43-101 technical reporting requirements. As previously announced, the Company continues to hold advanced discussions with potential partners regarding a Rare Earth separation plant. Within these discussions, GWMG is evaluating the participation of a financial joint venture partner, the development of an offtake agreement and/or the use of debt for purposes of financing the separation facility. The Company is targeting July 2011 for this decision. GWMG, in conjunction with institutions considering debt financing for the project, is evaluating whether a feasibility study is necessar...