Business
Successful development of MREC flow sheet
Successful development of MREC flow sheet.
About this update from Pensana Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0251B\n Pensana Rare Earths PLC\n 05 October 2020\n \n \n \n \n \n \n \n 5 October 2020\n \n \n \n \n \n \n \n \n Successful development of Mixed Rare Earth Carbonate flow sheet\n \n \n \n \n \n Pensana Rare Earths Plc (LSE: PRE, ASX: PM8) is pleased to report the successful production of an NdPr rich mixed rare earth carbonate (MREC) from the testwork currently underway on mineralisation from its Longonjo rare earth project.\n \n \n \n \n \n Industry experts Wood Group and Nagrom, based on testwork performed at metallurgical laboratories in Perth Western Australia, have successfully developed a flowsheet to produce a particularly high grade MREC with NdPr comprising 33.5% of the total rare earths1 content.\n \n \n \n \n \n MREC is a much higher purity and higher value product and has a much broader market and range of applications than the concentrate product contemplated in Pensana's Preliminary Feasibility Study. \n \n \n \n \n \n Based on information provided by industry specialists the specifications of Longonjo's MREC compares favourably with the main products currently being produced and sold mainly in China.\n \n \n \n \n \n The pilot plant and metallurgical test work are ongoing with a view to finalising the preferred process route and to providing data for engineering and production cost estimations for the Bankable Feasibility Study.\n \n \n \n \n \n A comprehensive update on the Bankable Feasibility Study will be reported towards the end of the month. Two of the circuits will be required to run for longer to bring the testwork results up to the required reporting standards for the study which will enable the finalisation of the report in due course.\n \n \n \n \n \n A key feature that the study will report is the potential for the project to be brought online as the first major rare earth mine in over a decade which can also offer a sustainable supply of mixed rare earth carbonate at a time when there is growing concern around the provenance of the rare earth supply chain.\n \n \n \n \n \n Images of the NdPr rich MREC can be found under the following link - \n \n \n https://pensana.co.uk/lse-announcements/\n \n \n \n \n \n \n \n \n NdPr= the magnet metals neodymium and praseodymium\n \n \n \n \n 1\n \n \n \n e...