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Glenover Rare Earth Project

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Glenover Rare Earth Project (Limpopo Province, RSA)

Based on mineralogy studies carried out by both SGS, South Africa and Xstrata Process Solutions of Canada, Glenover has a comprehensive understanding of the three major rock-types of interest on its large intrusive, namely Apatite Breccia, Pyroxenite and Carbonatite.

The company recently appointed the services of UK-based GBM to perform the project Preliminary Economic Assessment focused on its SAMREC-compliant 10MT breccia resource. This study is being carried out in collaboration with the REE-experienced metallurgical laboratories Anzaplan of Germany and the resulting PEA report will be available by early 2013.

Simultaneously an in-depth PFS-level metallurgy program is underway at a major state-owned REE-laboratory in China with one ton of breccia ore having been provided for ultimate piloting of one of two potential flow-sheets. Feedback from the PEA study may provide useful parameters for this work nevertheless the separation of PEA and PFS mandates is designed to accelerate the overall project. The project team selected the specific Chinese laboratory due to it having demonstrated a great depth of understanding of REE processing, generally unattainable in western laboratories.

  • Short time to market and to realize investment returns: Existing stockpiles of REE-rich minerals have already been mined and are ready for processing

  • Highly accessible REE: The stockpiles present short term processing potential with no mining risk

  • REE-bearing and Niobium-rich materials below the surface: Significant below surface reserves for later stage development

  • Strong local partner: Fer-Min-Ore has 40 years of international construction and processing experience in the mining industry backed by over 100 years of design know how

  • Strategic alternative supply source of REE: China currently controls 97% of global REE production and are taking actions to restrict REE exports

  • More information is available in the Glenover Geological and Resource Report (PDF, 24.4Mb)

GLENOVER RARE EARTH PROJECT LINKS:
> GLENOVER PROJECT IN DETAIL
> GLENOVER GEOLOGICAL & RESOURCE REPORT (PDF, 24.4MB)
> GLENOVER PROJECT IMAGE GALLERY
> More information is available on www.glenover.com/

 
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