Curated News
By: NewsRamp Editorial Staff
May 13, 2024
OD6 Metals Achieves Up to 90% REE Recovery in WA
TLDR
- OD6 Metals achieves up to 90% REE recovery in Western Australia, providing a competitive advantage in the rare earth elements market.
- Phase 3 testing at ANSTO achieved metallurgical recoveries up to 90% of magnet REEs in multiple prospect areas, demonstrating the detailed process of the project.
- The project's potential economic viability and comparability to prominent Brazilian clay-hosted rare earth sites contribute to making the world a better place.
- The strategic advantages of the project's location, including no private royalties, proximity to renewable energy sources, and the major port of Esperance, make this news interesting and educational.
Impact - Why it Matters
The progress at OD6 Metals' Splinter Rock Rare Earth Elements Project is significant for the rare earth industry. Achieving up to 90% recovery of magnet REEs highlights the economic potential of the project and positions it as a leading clay-hosted rare earth deposit in Australia. This news underscores the growing importance of rare earth elements and the potential for sustainable and strategic mineral resource development.
Summary
OD6 Metals Ltd (ASX:OD6) managing director Brett Hazelden discusses the significant progress at its Splinter Rock Rare Earth Elements (REE) Project in Western Australia. Phase 3 testing at the Australian Nuclear Science Organisation (ANSTO) achieved metallurgical recoveries up to 90% of magnet REEs (MREE) in multiple prospect areas. Hazelden highlights the project's comparability to prominent Brazilian clay-hosted rare earth sites, asserting Splinter Rock's status as Australia’s leading clay-hosted rare earth deposit. The project yielded average recoveries around 60% MREE using 25g/l hydrochloric acid, with recoveries varying from 42% to 90% at the Centre Prospect, 44% to 76% at Inside Centre Prospect and 41% to 77% at Prop Prospect. These outcomes underline the potential economic viability of the project, driven by factors like low stripping ratios and acid consumption. The next steps include phase 4 metallurgical leaching and processing optimisation, with a planned mineral resource estimate update later this quarter.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, OD6 Metals Achieves Up to 90% REE Recovery in WA
