Critic (ASX: CRI, OTC Pink: VTMLF) has delivered the first composite concentrate From her flagship Jupiter project to the Australian Nuclear Science and Technology Organization (ANSTO) for independent testing work.
Ansto will process the concentrate to produce mixed rare earth carbonate (MREC), while specialized consultancy minuteech performs hydrometallurgical programs to measure processing routes.
Jupiter, based in Yalgoo, West -Australia, currently has a global derivative source of 1.8 billion tonnes of 1,700 parts per million (PPM) Total rare Nolesoxides (Treo), including 520 million tonnes by 2,200 ppm Treo.
On August 13, Critic confirmed the status of the project As the largest and highest class of Australia, with clay-hosted magnet rare earth-oxide (MREO), both resources have derived from both total tonnage and Mreo contained.
According to the company, mineralization can easily be upgraded at Jupiter by more than 800 percent via two beneficial steps, “points to a material smaller wet plant and lower capital and operational intensity.”
In addition, Jupiter contains a low uranium and thorium levels, which allows it and can facilitate international decrease.
“In addition to Minuteech, the independent Leach test program of Ansto will define the most effective chemistry to produce Jupiter MREC and immediately inform our pilot work and staged tasks,” Deysel said in a release of 26 August.
With a focus on four important magnet rare earths – namely neodymium, praseodymium, dysprosium and terbium – critic wants to help with the global energy transition. The company also wants to support the long -term demand of areas such as the electric vehicle, wind turbine, medical and defense sectors.
“With infrastructure benefits and extensive extra goals in our term of office, Jupiter forms a cornerstone of the rare earth chain of Australia,” Deysel added.
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Publication of securities: I, Gabrielle de la Cruz, has no direct investment interest in a company mentioned in this article.
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