April 30, 2012 (Source: ASX) — Highlights
Rare Earths
Browns Range Heavy Rare Earths Project
Outstanding Diamond Drilling results confirm and extend total
rare earth oxide (TREO) mineralisation at Wolverine, with
intersections up to 28m @ 1.77% TREO and 47m @ 0.82% TREO
Metallurgical testing confirms simple and low cost processing to
produce high grade yttrium and dysprosium-rich xenotime
concentrates
High recoveries of yttrium (>80%) using magnetic separation as the
primary beneficiation technique followed by simple flotation
Prices for yttrium increase up to 45% driven by demand for
phosphors
Initial operating costs studies complete, confirming robust project
economics
Regional geochemical testing identifies two new high grade HREE
(Heavy Rare Earth Elements) targets, confirming prospectivity of
the region and further growth potential.
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