June 7, 2022 (Investorideas.com Newswire) Opting to make use of the acid bake course of ought to enhance the design and economics of the REE venture for its proprietor, famous a Noble Capital Markets report.
Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) decided, through metallurgical testing, it may possibly make use of the acid bake course of to supply uncommon earth parts (REEs) at its Wicheeda venture, which may end in decrease CAPEX and working prices, reported Noble Capital Markets analyst Mark Reichman in a June 1 analysis observe.
“The preliminary acid bake course of outcomes spotlight the potential for an improved venture design with enhanced venture economics,” Reichman wrote. “Many 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 tools 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 resolution.”
Since Protection Metals’ hydrometallurgy program started late final 12 months, about 20 exams have been performed 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 score 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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Disclosures for Noble Capital Companions, Protection Metals Corp., June 1, 2022
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