Peak Resources has produced the third separated hight purity rare earth oxide (REO) from a bulk sample of mineralisation from the company's 100% owned Ngualla Rare Earth Project in Tanzania. The lanthanum oxide was produced at the Solvent Extraction Pilot Plant currently in operation at ANSTO Minerals.
Read a prepared media statement on the subject below:
Peak Resources (ASX: PEK; OTCQX: PKRLY) has produced the third separated high purity rare earth oxide (REO) from a bulk sample of mineralisation from the company’s 100% owned Ngualla Rare Earth Project in Tanzania.
The lanthanum oxide was produced at the Solvent Extraction Pilot Plant currently in operation at ANSTO Minerals (Australian Nuclear Science and Technology Organisation).
Lanthanum compounds are used in a number of high-end technological applications, including nickel-metal hydride batteries, high quality camera and optical lenses, fibre optics and catalysts.
The high purity lanthanum oxide follows the mid+heavy rare earth oxide and the neodymium-praseodymium rare earth oxide produced in May and July 2013 respectively.
Analysis
Ngualla is one of the very few rare earth development projects to successfully produce high purity separated products from its mineralisation and this is an important step in de-risking the project.
The ability to produce separated high purity rare earth oxide adds significant value and allows access to wider markets for Ngualla’s products.
Peak has made samples and analyses of the products are available to potential customers for assessment during discussions for off-take agreements.
Value drivers for Ngualla
The value drivers for Ngualla are the praseodymium–neodymium and mid+heavy high purity oxide products (pictured below), which together contribute 85% of projected annual revenue. The lower priced cerium and lanthanum oxides are relative by-products at 15% of the total revenue.
Published: 29/08/2013