Great Western Minerals Begins Steenkampskraal Preliminary Economic Assessment

Great Western Minerals Group Ltd. (TSXV:GWG) reported that the Preliminary Economic Analysis of the Steenkampskraal  rare earth project has begun under the contract of Snowden Mining Industry Consultants (Pty) Ltd, of Johannesburg, South Africa.

As quoted in the press release:

As a competitive bidder for this undertaking, Snowden was particularly advantaged as it is familiar with the South African mining and legislative environment. Additionally, Snowden held the pivotal role in the preparation of the National Instrument 43-101 technical report and resource calculation for the Steenkampskraal project.

Great Western Minerals Group President and Chief Executive Officer Jim Engdahl commented:

The engagement of Snowden to complete the PEA will enable our Company to further develop and communicate financial projections for our complete corporate structure based on independent analysis of the mining of rare earth-bearing monazite, extraction to mixed chloride, separation of oxides, and metal and alloy production, as encompassed by our fully integrated, value-added business model.

Click here to read the full press release.