Great Western Minerals Successfully Produces Rare Earth Carbonate From Mini Pilot Plant Testing
15 Enero 2014 - 3:49PM
Marketwired
Great Western Minerals Successfully Produces Rare Earth Carbonate
From Mini Pilot Plant Testing
Company Finalizes Flow Sheet Scheme to Be Used in SKK
Feasibility Study
SASKATOON, SK--(Marketwired - Jan 15, 2014) - Great Western
Minerals Group Ltd. ("GWMG" or the "Company") (TSX-VENTURE: GWG)
(OTCQX: GWMGF), a leader in the manufacture and supply of rare
earth element-based metals and metal alloys and holder of a low
cost, high-grade critical rare earth asset (the "Steenkampskraal
Project" or "SKK"), today announced that it has completed a mini
pilot plant test with its proposed process flow sheet with
extremely successful results. The pilot plant has confirmed the
results from laboratory scale testing.
"This is a significant milestone for us," stated Marc LeVier,
Company President and CEO. "We optimized the metallurgical process
and successfully operated a pilot plant which produced a mixed rare
earth carbonate product. We now have a process flow sheet that is
being engineered in our ongoing SKK feasibility study. The study
remains on track for completion around the end of the first quarter
of 2014."
A bulk sample was taken from the mine at Steenkampskraal and
processed through the mini pilot plant at MINTEK in Johannesburg,
South Africa. A mixed rare earth carbonate product was produced
which is being used for further characterization and evaluation in
separation of the rare earth elements. Radioactive components of
the sample were selectively removed from the product. As a result,
the product demonstrated only background radiation levels.
Qualified Person Statement
Mr. Robert Machowski, Pr Eng; MBA; BSc Eng (Met-MinProc),
FSAIMM, is the Chief Executive Officer for ULS (Pty) Ltd and is the
Qualified Person (as defined under NI 43-101) responsible for
supervising all metallurgical activities and preparation of the
technical content of this news release.
About GWMG
Great Western Minerals Group Ltd. is a leader in the manufacture
and supply of rare earth element-based metals and metal alloys. Its
specialty alloys are used in the battery, magnet and aerospace
industries. Produced at the Company's wholly-owned subsidiaries,
Less Common Metals Limited in Ellesmere Port, U.K. and Great
Western Technologies Inc. in Troy, Michigan, these alloys contain
transition metals, including nickel, cobalt, iron and other rare
earth elements. As part of the Company's vertical integration
strategy, GWMG also holds 100% equity ownership in Rare Earth
Extraction Co. Limited, which controls the Steenkampskraal monazite
mine in South Africa. The Company also holds interests in three
rare earth exploration properties in North America that are not
active.
The Company routinely posts news and other information on its
website at www.gwmg.ca.
Email inquiries can also be made to info@gwmg.ca.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement
Certain information set out in this News Release constitutes
forward-looking information. Forward-looking statements (often, but
not always, identified by the use of words such as "expect", "may",
"could", "anticipate" or "will" and similar expressions) may
describe expectations, opinions or guidance that are not statements
of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions,
expectations and estimates of management of GWMG as at the date the
statements are made and are subject to a variety of known and
unknown risks and uncertainties and other factors that could cause
actual events or outcomes to differ materially from those
anticipated or implied by such forward-looking statements. Those
factors include, but are not limited to the repeatability of pilot
plant testwork on a commercial scale; the assumptions and estimates
in the October 2013 resource estimate and the preliminary economic
assessment of the Steenkampskraal project proving to be accurate
over time; the construction, commissioning and operation of the
proposed monazite processing facility and separation facility
within estimated parameters; mine refurbishment activities;
reliance on third parties to meet projected timelines and
commencement of production at Steenkampskraal; risks related to the
receipt of all required approvals including those relating to the
commencement of production at the Steenkampskraal mine, delays in
obtaining permits, licenses and operating authorities in Canada,
South Africa and China, environmental matters, water and land use
risks; risks associated with the industry in general, commodity
prices and exchange rate changes, operational risks associated with
exploration, development and production operations, delays or
changes in plans, including those estimated in the preliminary
economic assessment of the Steenkampskraal project; risks
associated with the uncertainty of resource estimates; health and
safety risks; uncertainty of estimates and projections of
production, costs and expenses; risks that future Steenkampskraal
and region exploration results may not meet exploration or
corporate objectives; the adequacy of the Company's financial
resources and the availability of additional cash from operations
or from financing on reasonable terms or at all; political risks
inherent in South Africa and China; risks associated with the
relationship between GWMG and/or its subsidiaries and communities
and governments in Canada and South Africa, radioactivity and
related issues, dependence on one mineral project; loss of, and the
inability to attract, key personnel; the factors discussed in the
Company's public disclosure record; and other factors that could
cause actions, events or results not to be as anticipated. In light
of the risks and uncertainties associated with forward-looking
statements, readers are cautioned not to place undue reliance upon
forward-looking information. Although GWMG believes that the
expectations reflected in the forward-looking statements set out in
this press release or incorporated herein by reference are
reasonable, it can give no assurance that such expectations will
prove to have been correct. Except as required by law, GWMG does
not assume any obligation to update forward looking statements as
set out in this news release. The forward-looking statements of
GWMG contained in this News Release, or incorporated herein by
reference, are expressly qualified, in their entirety, by this
cautionary statement and the risk factors contained in GWMG's
Annual Information Form available at www.sedar.com.
For more information contact: Investor Relations: Deborah K.
Pawlowski 716.843.3908 Email Contact Craig P. Mychajluk
716.843.3832 Email Contact
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