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Mineralogical Results from the Coola Explorat...
Mineralogical Results from the Coola Explorat....
About this update from Pensana Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n14 September 2023\n \n \nTHIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION\n \nPensana Plc\n(\"Pensana\" or the \"Company\")\n \nMineralogical Results from the Coola Exploration Licence\n \nFurther to the announcement of 29 August 2023, which reported high grade TREO soil sampling results at Sulima West and encouraging results from other targets on the Coola exploration licence area the company is pleased to report on the Mineralogical Characterisation studies undertaken by SGS South Africa of samples collected at Sulima West and the Coola carbonatite during 2022. \n- Sulima West laterite mineralisation contains monazite which hosts NdPr with moderate liberation and exposure which should be amenable to some degree of simple upgrading at the current location, prior to processing at Longonjo;\n- The Coola carbonatite contains a significant amount of bastnaesite which is host to more than 90% of the NdPr. The bastnaesite is moderately liberated and exposed, again suggesting that there is potential for recovery using the physical separation at the current location prior to processing at Longonjo. \nExploration Manager, Grant Hayward, commented:\n\"We are encouraged that the initial mineralogical study has confirmed the processing potential of the rare earth host minerals for both the Sulima West laterite and the Coola Carbonatite.\nThe opportunity for upgrading the ore at the current location using physical separation techniques will be further assessed with the testing of larger samples which are in the process of being collected. \nWe obviously see both Sulima West and Coola carbonatite as having the potential for upgrading the ore at its current location and thereby providing a high-grade near-term feedstock 40 kilometres from Longonjo.\"\nRESULTS \nSulima West Laterite target\n- The Sulima West laterite contains three main types of rare earth minerals namely bastnaesite, monazite and florencite. The important NdPr mineralogy occurs mainly in the monazite, whilst the bastnaesite hosts the Cerium and the Lanthanum occurs in the florencite. \n- The minerals have been partial...