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- Vital Metals (VML) reports high-grade concentrate recoveries of total rare earth oxide (TREO) from its Saskatoon plant in Canada
- The company achieves recovery rates of 43.7 per cent TREO and 75.2 per cent TREO from the first commissioning trial of the dense media separation (DMS) unit at the plant
- The results will be used to further optimise the plant, as the company works towards producing a 2.5 tonne rare earth qualification sample
- Upon completion of qualification, Vital is planning to ramp-up carbonate production
- Shares are trading 7.14 per cent higher at 4.5 cents each at 11:33 am AEST
Vital Metals (VML) has reported high-grade concentrate recoveries of total rare earth oxide (TREO) from its Saskatoon plant in Canada.
The company achieved recovery rates of 43.7 per cent TREO and 75.2 per cent TREO from the first commissioning trial of the dense media separation (DMS) unit at the plant.
The results will be used to further optimise the plant, as the company works towards producing a 2.5-tonne rare earth qualification sample for offtake partner, REEtec Ag.
Upon completion of qualification, Vital is planning to ramp-up carbonate production.
Managing Director Geoff Atkins said the results were impressive for its first run.
“There will be work to do with optimising our process over the coming months but these
initial results demonstrate incredible potential,” he said.
“It gives us a great level of confidence for future commissioning activities through the remaining process.”
The Saskatoon Plant will have an initial throughput capacity of 1000 tonnes of rare earth oxide (REO) per year which is equivalent to around 470 tonnes of neodymium and praseodymium per year. This will then increase to 2000 tonnes of REOs per year in the second stage.
Shares were trading 7.14 per cent higher at 4.5 cents each at 11:33 am AEST.
