The Conversation (0)
Medallion Resources (TSXV:MDL,OTCQX:MLLOF,FWB:MRD) announced that it has completed preliminary processing technical plans, including flow sheets and initial capital and operating financial models, for a monazite-based rare-earth processing facility, which is expected to be constructed in the Middle East.
As quoted in the press release:
The proposed facility, based on assumed annual rare-earth-oxide production of 10,000 tonnes per year, incorporates modules for monazite feedstock upgrading, total rare-earth extraction from monazite, and separation of individual light and heavy rare-earth oxides.
Medallion Chairman and CEO Dr. Bill Bird said:
Over the last few months, while senior management has advanced discussions with potential Middle East joint-venture partners, we have completed our initial rare-earth-processing technical plans, which significantly reduces project risk. This work provides solid support for our approach and the project’s attractive economics, and has strengthened our position in the current partnership discussions.
Click here to read the Medallion Resources (TSXV:MDL,OTCQX:MLLOF,FWB:MRD) press release
Click here to see the Medallion Resources (TSXV:MDL,OTCQX:MLLOF,FWB:MRD) profile
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