New Results Highlight Method for Greater REE Extraction

Opting to make use of the acid bake course of ought to enhance the design and economics of the REE undertaking for its proprietor, famous a Noble Capital Markets report.

Protection Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) decided, by way of metallurgical testing, it could make use of the acid bake course of to supply uncommon earth components (REEs) at its Wicheeda undertaking, which may end in decrease CAPEX and working prices, reported Noble Capital Markets analyst Mark Reichman in a June 1 analysis notice.

“The preliminary acid bake course of outcomes spotlight the potential for an improved undertaking design with enhanced undertaking economics,” Reichman wrote. “A lot of the world’s REEs are produced utilizing the acid bake course of.”

The acid bake course of is preferable to the gangue leach-caustic crack course of, which was included within the preliminary financial evaluation for Wicheeda, highlighted Reichman.

Compared, the acid bake course of requires much less gear and fewer steps and circuits, and it’s extra environment friendly, Reichman wrote. Testing confirmed it to impact “higher than 95% restoration of neodymium and praseodymium from flotation focus right into a leach answer.”

Since Protection Metals’ hydrometallurgy program started late final 12 months, about 20 checks have been carried out on a number of focus samples. The work, as soon as completed, will “yield information to facilitate an in depth [project] design, together with capital and working price estimates.” That is anticipated in This autumn/22.

Noble has an Outperform ranking and a $0.70 per share goal worth on Protection Metals, the inventory of which is at the moment buying and selling at round $0.19 per share.

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