Medallion Resources to Work on Pilot Plant Operation in 2016

Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF) announced an update on its plans for 2016 with a focus on moving towards rare-earth production.
As quoted in the press release:

Medallion believes that it is well-positioned to move forward in advancing to rare-earth concentrate production, even with the limited capital available in the current marketplace. The Company’s priorities for 2016 are as follows:
Pilot Plant
Using our existing metallurgical flow sheet, which was validated in our recent bench-level tests, we will be requesting proposals from qualified mineral labs to scale up to the pilot-plant level. Scaling up the process is important to further optimize the flow-sheet, produce larger sample volumes of products and by-products, and implement re-cycling processes. Importantly, a pilot plant also will allow Medallion to test the operating parameters for the variety of monazite input feedstocks currently under consideration. The metallurgical techniques are time-tested and well-known; therefore significant technical hurdles at the pilot plant operation level are not anticipated. The Company will need to raise additional capital before committing to a pilot plant operation.

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