The Conversation (0)
Frontier Rare Earths Limited (TSE:FRO) reports an update on the progress of the exploration, evaluation and development activities at its Zandkopsdrift rare earth element project, South Africa.
The press release is quoted as saying:
Zandkopsdrift is one of the largest rare earth deposits in the world measured under international mineral reporting standards. The Zandkopsdrift B Zone, which is estimated to contain circa 450,000 tonnes TREO (1), has the highest TREO grade and the highest grade of high value HREOs (2) of significant advanced rare earth deposits (3) outside China after Molycorp’s Mountain Pass and Lynas’s Mount Weld projects.
Frontier’s President and CEO, Mr. James Kenny says:
“We have made significant progress at Zandkopsdrift in 2011, and are on track to complete our preliminary economic assessment in the fourth quarter of this year.” “We believe that the results of this study will confirm that Frontier has the potential to not only be one of the first new large scale producers of rare earths outside China after Molycorp and Lynas, but also become one of the world’s most economically viable. This potential has led to discussions with a number of potential strategic partners as a means to accelerate the development of our Zandkopsdrift project.”
Click here to access the entire news release.
