The Conversation (0)
Medallion Resources Ltd (CVE:MDL) reports its progress on the monazite rare-earth resources.
The press release is quoted as saying:
Based on over a year of investigation, research, multiple property visits, and substantial input from its technical advisory team, Medallion is now firmly convinced that new rare-earth production from monazite can be developed relatively quickly and inexpensively. Monazite is readily accessible in requisite quantities from a variety of heavy-mineral-sands mining operations. This potential source of rare earths has been virtually ignored for decades as heavy-mineral-sands producers have focused on their key markets of titanium and zirconium minerals, and routinely discarded their monazite by-product.
Medallion’s Chairman and CEO, Dr Bill Bird says:
“We see monazite as a key source for near-term, low-cost rare-earth production and we’re making good progress on our initiatives to exploit this source.” “We’re testing monazite samples submitted by several heavy-mineral-sands producers. These samples show an attractive distribution of rare-earth elements and are amendable to traditional extraction methods.”
MDL:CA