without a doubt !
for a over a decade China has supplied the world with the needed HREE's that has been instrumental in the advancement of the worlds most sophisticated modern technologies,
but that page in the playbook is quickly comming to a close, as most analysts belive that the South China ionic clays will be exhuasted within a few years, and the HREE's that will be produced from this resource will be kept inside China to support their own growing domestic high tech industry,
so the world will soon need to look elsewhere for these needed vitamins of the growing high technology industies, hard rock mining of HREE's is inevitable, but a new way of thinking and new technologies will be needed for exploiting this resource,
enter John Kaiser,
now those of you that follow J.K. know that he has never really be a glowing supporter of Ucore, often sighting that Bokan was to small of a deposit, to low grade, etc.
John has always seemed to me, to favor the mega deposits of QRM's Strange Lake and AVL's Nechalacho, but one thing that comes along with these mega deposits is mega money,
so my attention went up when i read this endorsment by J.K. of NRE and their Lofdal deposit, mainly because like Bokan it is smaller and of low grade but a high % of HREE's
First, look for projects that have interesting potential and experienced management teams. This is a good time to look for companies that are roadkill as a result of the general bear-market conditions. I look for companies with interesting stories that are down and out.
An interesting example is Namibia Rare Earths Inc. (NRE:TSX), which is trading at its cash breakup value. Its $18M treasury was raised during the rare earth boom to fund exploration at its Lofdal project in Namibia. Instead of delivering a monster rare earth deposit, Namibia delivered a small, low-grade deposit at Area 4 with a very high 86% enrichment in the heavy rare earths. The property has potential to yield additional similar zones, but the current resource is sufficient as a potential near-term solution to non-Chinese demand for heavy rare earths such as dysprosium, terbium and yttrium.
Although the dominant mineral is xenotime, it is in a fine-grained form interwoven with thorium and zircon. The junior is conducting metallurgical studies to see if the heavy rare earths can be liberated in a cost-effective manner. This bench scale study is not expensive, will be completed in Q2/13 and will dictate if Area 4 proceeds to the PEA stage. Because the rare earth sector is currently in the dumps, speculators get the outcome of this program for free. Either management gets a green light to fast-track Area 4 as a short-term heavy rare earth supply solution, or it gets a red light, which signals it to look for other projects in Namibia where it has established itself. Namibia is operated by the Africa-experienced team of Gerry McConnell and Don Burton, and backed by the mining finance house Endeavour Mining Corp. (EDV:TSX).
is technology the key for Lofdal,
Update on Metallurgical Test Program
As previously announced (Company press release July 3 , 2012), Mintek has been engaged to undertake preliminary metallurgical test work on representatives samples obtained from two HQ diameter drill holes. Portions of these samples were shipped to Tomra Ultrasort in Germany where detailed sorting test work has now been completed. Final results are pending receipt of analytical data, however it has been determined that the mineralization is highly amenable to sorting through the use of x-ray transmission ("XRT") sensors which detect variations in mineral densities. Sorting has been successfully achieved on material down to 10 mm size fractions. The objective in utilizing sorting technologies is to upgrade the run of mine feed by eliminating waste material prior to milling. The sorted material together with fines retained in Namibia is now being shipped to Mintek in South Africa for detailed metallurgical tests to optimize concentrate grades and determine the optimum extraction flow sheet. This work is expected to be completed in Q1 2013.
so will John change his mind about Ucore?
and is Ucore leading the way of the paradigm shift into the hardrock mining of rare earths ?