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Leading Edge Materials Announces Filing of Preliminary Economic Assessment Report for its Norra Karr REE Project
Vancouver, August 19, 2021 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) is
About this update from Leading Edge Materials Corp.
[{"type":"text","content":" Vancouver, August 19, 2021 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) is pleased to announce the technical report for its Norra Karr rare earth element project (the “Project”) titled “PRELIMINARY ECONOMIC ASSESSMENT OF NORRA KARR RARE EARTH DEPOSIT AND POTENTIAL BY-PRODUCTS, SWEDEN” dated August 19, 2021 (the “Report” or “PEA”), has been filed under the Company’s profile on SEDAR today. The Report supports the disclosure in the Company’s news release dated July 22, 2021. All figures in the PEA are US dollars unless otherwise specified. The news release on July 22, 2021, presented these highlights from the Report: Main PEA Highlights (In comparison to the 2015 PFS) Significant increase in resource utilization by proposing recovery of nepheline syenite (NS) industrial mineral, zirconium oxide (Zr) and niobium oxide (Nb) products in addition to the rare earth oxide (“REO”) products. In the PEA more than 50% of total mined material is planned to be sold as products compared with previously less than 1% in the 2015 PFS. The PEA also identifies future opportunities to valorize the residual mined material which could potentially result in all mineralized material mined to be treated as potential commercial products. Introducing a revised Project flowsheet to minimize the environmental footprint at the Norra Karr site: The Norra Karr site will only include mining and comminution methods consisting of crushing, milling and magnetic separation, eliminating all chemical processing from Norra Karr and associated waste vs the 2015 PFS study. In the PEA following physical separation resulting material streams either are shipped as products or as concentrates for further processing at other locations and a single waste stream to be stored at the Norra Karr site. The rare earth, zirconium and niobium bearing concentrate will be transported to a dedicated off-site location for chemical processing and further recovery. The combination of the above, results in a single waste stream at the Norra Karr site consisting of the mineral aegirine which can be dry stacked in a lined impoundment together with waste rock from mining, eliminating the need for a wet tailings storage facility. This new design substantially reduces land area usage of the Project by approximat...