other rare earth projects, including:
.
- Its location in Elliot Lake, a proven mining camp with outstanding regional infrastructure including roads, railway, power, natural gas, airport, and deep-water ports. Elliot Lake has produced more than 300-million pounds of U3O8 and is the only Canadian mining camp to have achieved commercial rare earth oxide ("REO") production.
- Pele's world-class development team, led by Roger Payne P. Eng., former General Manager for Rio Algom, and includes RPA, SNC-Lavalin Inc., SENES Consultants Limited, and Golder Associates Ltd., all of which have extensive experience in Elliot Lake.
- Production of a strategically significant mix of rare earths forecast to remain in supply deficit.
- Well-understood rare earth mineralogy and metallurgy, allowing for excellent mineral extraction and recovery.
- No known environmental liabilities, enthusiastic local support, and strong government support.
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| Operational highlights of Pele's Eco Ridge PEA include: |
- 9,000-tonne per day operation with life-of-mine production of 97.2-million lbs. of total rare earth oxides (in the form of a mixed rare earth carbonate concentrate) and 27.5-million lbs. of U3O8 over an 11-year mine life;
- Life-of-mine production includes 14.2-million lbs. of neodymium oxide (Nd2O3), 882,000 lbs. of dysprosium oxide (Dy2O3), 4.1-million lbs. of yttrium oxide (Y2O3) and significant quantities of terbium and europium oxides, providing a vital source of the most critical REO outside China;
- 85-percent of Project revenue from Heavy REO, neodymium oxide (Nd2O3) and U3O8;
- Light REO recoveries average 89-percent, Heavy REO recoveries average 78-percent, and U3O8 recovery averages 90-percent.
.......RL
