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OTCQX:MLLOF

Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF) announced is now prepared, once it has secured sufficient financing, to move forward on pilot-plant-scale tests of its monazite-based rare-earth extraction process.

Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF) announced is now prepared, once it has secured sufficient financing, to move forward on pilot-plant-scale tests of its monazite-based rare-earth extraction process. These new tests represent the last major technical confirmation prior to building a continuous-flow integrated pilot plant. An integrated pilot plant operation can form the basis of an engineering study confirming the commercial viability of the process.
As quoted in the press release:

Medallion is seeking equity capital and government-sponsored programs to have a qualified mineral lab conduct the pilot-scale tests, which are expected to cost approximately $200,000.
In addition to performing complete testing of the operating parameters for all key process steps, a variety of potential-monazite-input-feedstock, reagent-recycling and phosphate-byproduct tests and analysis will be conducted. This builds on the company’s earlier design work and successful bench-level tests which were announced August, 2015. Medallion’s optimized flowsheet design uses only well-understood and time-tested metallurgical techniques that have been implemented in production environments; as such, significant technical hurdles are not anticipated.

Medallion Resources President and CEO, Don Lay, stated:

We’ve invested significant resources over the last three years developing our enhanced rare-earth extraction process, so we’re keen to follow up our bench-scale tests to get confirmation at a larger scale and provide new higher-valued product samples to potential customers. We note that there has been little progress from current rare-earth resource developers over the last number of years and the marketplace is now looking for new feedstock sources.

Connect with Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF) to receive an Investor Presentation.

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