Medallion Resources Appoints GHC Minerals to Source Monazite

Medallion Resources Ltd. (TSXV:MDL) announced the appointment of GHC Minerals Ptd. Ltd. of Perth, Australia, to source monazite sand concentrates from suppliers in South-East Asia. GHC is actively working on logistical and contractual issues required for the delivery of large sample lots and commercial-scale shipments from regional mineral-sands suppliers.
As quoted in the press release:

The five-year agreement with GHC provides for certain exclusivity rights to both GHC and Medallion. GHC’s compensation is based on the purchase by Medallion of contracted and accepted monazite supplies of consistent purity, quality and consistency for delivery to Medallion’s proposed North American plant.

Medallion Resources CEO, Don Lay, said:

“Medallion is working with a variety of potential suppliers, and although the large heavy-mineral-sands producers are best for long-term supplies, we believe it’s possible to secure additional monazite quantities of approximately 3,000 to 4,000 tonnes per year from South-East Asia. GHC is working with regional producers and traders on our behalf for shipping and contracts. We’ve already tested some monazite samples provided by GHC and they’re of good quality.”

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