Phalaborwa Rare Earths Project Update
Rainbow's pilot plant produced high-grade mixed rare earth hydroxide from Phalaborwa project, Ecora's royalty asset.
vs expectations: in line with expectations
- Mixed rare earth hydroxide produced ca. 2 kg
- Grade (TREO) ca. 55%
- Ecora royalty on Phalaborwa 0.85% Gross Revenue Royalty
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Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) a critical minerals focused royalty company, notes the press release issued today by Rainbow Rare Earths Limited ("Rainbow") announcing that its large-scale pilot plant recently commissioned in Johannesburg is operating the optimised Phalaborwa primary flowsheet in line with expectations and has successfully produced ca.2 kg of a high-grade mixed rare earth hydroxide.
This is a commercial product with a grade of ca. 55% TREO (versus the Chinese specifications for a mixed rare earth carbonate at ca. 42 to 44% TREO) and has been confirmed to be an ideal feed for the production of NdPr oxide and SEG+ product through a solvent extraction separation circuit, to be tested offsite.
Ecora holds a 0.85% Gross Revenue Royalty on the Phalaborwa project.
The full announcement from Rainbow can be viewed here: https://irtools.co.uk/112/story/851be44b-45c8-4f4a-b17f-9a94e97ec3aa
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.