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MEI Online: Commodities: Metallic Ores: Rare Earths & Thorium: Latest News: February 10th 2015
:: Search Minerals Announces Successful Scale Up of Proprietary Metallurgical Process to Produce 98.9% Purity Rare Earth Oxide Product
Search Minerals Inc. and its wholly-owned subsidiary, Alterra Resources Inc., are pleased to announce the completion of a scale up test of the Search Minerals Direct Extraction Process on Foxtrot resource to produce a high grade REE product for refining. The scale up test was performed at SGS Minerals, Canada ("SGS") with funding support provided by the Research & Development Corporation ("RDC") of Newfoundland and Labrador and from the Atlantic Canada Opportunities Agency ("ACOA").
Highlights of the process:
Jim Clucas, Interim President and CEO states, "These metallurgy results from the Foxtrot resource confirm that the crucial metallurgical process has been successfully simplified. This success is due to the financial support of ACOA and RDC, the technical support of SGS and the leadership and conceptual ideas of Dr. David Dreisinger. The new process is simple and cost effective, it should lead to the lower capital and operating costs necessary to develop our REE resources".
From these results, the Company anticipates engaging an engineering firm to provide Search with a conceptual study, detailing the initial capital costs and operating costs which will be used to update the Preliminary Economic Assessment report. In conjunction with the conceptual study, Search will continue to work with SGS to scope and cost the design and operation of a demonstration pilot plant. This will provide critical design data for feasibility study evaluation of the Foxtrot Project and provide a mixed rare earth product necessary for refineries to test the next stage of separation.
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