EANS-News: Tantalus Rare Earths AG Leaching process - Leaching quality -
University of Toronto - Resource Update - Listing (with document)
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Company Information/Leaching - UoT - Listing - Resource
Gruenwald (euro adhoc) - Press Release
Munich 18 February 2013: Tantalus Rare Earths AG ("TRE"), the explorer and
developer of a large near surface rare earths project in north western
Madagascar, is pleased to make the following announcements:
TRE has instructed the University of Toronto ("UOT") to investigate the
leachability of five clay samples from its concession in Madagascar. Four of the
five clay samples confirmed the presence of ionic clay characteristics and were
susceptible to the UOT's ionic exchange extraction method.
In summary UOT concluded that the major part of the REE content can be easily
and rapidly recovered by simple leaching with either ammonium sulphate or sodium
chloride solutions. Furthermore, the study established that a two stage leaching
process appeared to improve the overall REE extraction levels by between 10 -
20%.
UOT also concluded that extraction was feasible with simulated sea water but at
a lower extraction level, nevertheless providing an alternative environmentally
friendly solution.
Finally the UOT study yielded results indicating zero leaching extraction of
uranium and thorium from the samples tested.
The report from UOT entitled "Objectives and General Methodology" will be
available on the website as will the latest analysis from Asian Metal.
TRE has now commissioned UOT to design an on-site laboratory and pilot plant
that will replicate the leaching and extraction process currently undertaken at
the UOT's laboratory in Toronto. TRE intend to test the UOT process under
industrial conditions on site in Madagascar. It is proposed that UOT will
operate the on-site laboratory and oversee the process in Madagascar.
As required by the Dusseldorf Stock Exchange, TRE has now submitted a prospectus
to the German Federal Financial Supervisory Authority - BaFin. The Prospectus
includes a new Competent Persons Report that has been prepared by SRK (and a
copy of which is available on the website).
The Management Board has decided to take whatever steps are necessary to move
the Company to the regulated market in Germany. It is anticipated that this
process will be completed by the third quarter of 2013.
In accordance with Malagasy law, TRE has applied to renew its exploration
licence. The application was submitted on time and the Ministry of Mines has
confirmed receipt. TRE expects to receive the renewed licence is the next few
weeks.
Juergen Schillinger, CEO of TRE said "As the new Competent Person's Report shows
TRE has already obtained an inferred Mineral Resource Statement (under the JORC
code) which has been public in 2012. Since then an additional 10,555 samples
have been assayed holding the potential that this resource will be increased
both in size and classification. The results from the UOT study are particularly
exciting and suggest a simple ion exchange extraction method can be used to
recover a rare earth solution in the same way as is undertaken for the ionic
clay deposits in Southern China. Meanwhile TRE has continued to deal with
regulatory issues both in Germany and Madagascar."
Tantalus Rare Earths AG
The Executive Board
Attachments with Announcement:
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http://resources.euroadhoc.com/us/SIcQEZxl
Further inquiry note:
Additional Information:
Juergen Schillinger, Chief Executive Officier
Tel: +49 (0) 89 693 960 66
Email: schillinger@tre-ag.comwww.tre-ag.com
David Rigoll, Director
Tel: +44 7500 068555
Email: rigoll@tre-ag.com
Paul Weigh
Blythe Weigh Communications
Tel: +44 (0) 20 71383204
oder +44 (0) 7989 129658
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/SIcQEZxl
company: Tantalus Rare Earths AG
Nördliche Münchner Str. 16
D-82031 Grünwald
phone: +49 (0)89 693 960 66
FAX: +49 (0)89 693 960 68
mail: contact@tre-ag.com
WWW: www.tre-ag.com
sector: Holding companies
ISIN: DE000A1MMFF4
indexes:
stockmarkets: free trade: Düsseldorf
language: English