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Zenith Minerals (ASX:ZNC) commences testing on its rare earth elements

Materials
ASX:ZNC      MCAP $28.89M
07 January 2020 20:00 (AEST)

Zenith Minerals (ZNC) has commenced a program of initial metallurgical test on rare earth elements (REE) samples from its Laramie project.

A 100-kilogram bulk composite surface rock sample will be analysed by a number of tests. The tests will determine if simple magnetic and or gravity beneficiation techniques at coarse grain sizes can easily upgrade the concentration.

Zenith is a West Australian exploration and development company, with projects around Australia and the United States.

The tests are being completed at its Western Australian facility by metallurgical services company Nagrom, and it expects to be finished by the end of the month.

Nagrom offers a diverse range of services including analytical and metallurgical laboratory services, steel fabrication and Line-X protective coating.

An initial petrographic study completed by the company showed REEs occurs as the mineral allanite.

Allanite crystals observed are generally relatively coarse-grained (0.4 millimetres to 2.5 millimetres) with distinct mineral grains indicating the potential for easy liberation from the syenite host rock.

Surface rock grab sampling returned REE mineralisation with Total Rare Earth Oxide grades of up to 0.60 per cent.

The Laramie Project is located in Wyoming, U.S. and is 100 per cent owned by the company. It has recently secured federal lode claims and state lease applications.

On market close, Zenith Minerals is up 5 per cent and is selling shares for 6.3 cents apiece.

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