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GLENOVER RARE EARTHS
ALEX ANDERSSON - MD - GLENOVER
GLENOVER RARE EARTHS
INTRODUCTION & PROJECT BACKGROUND GLENOVER PROJECT INFRASTRUCTURE METALLURGY DEVELOPMENT VALUE DERIVED SUMMARY
GLENOVER RARE EARTHS ALEX ANDERSSON - MD - GLENOVER Glenover - - PowerPoint PPT Presentation
GLENOVER RARE EARTHS ALEX ANDERSSON - MD - GLENOVER Glenover - - PowerPoint PPT Presentation
GLENOVER RARE EARTHS ALEX ANDERSSON - MD - GLENOVER Glenover Rare Earth Project Agenda INTRODUCTION & PROJECT BACKGROUND GLENOVER PROJECT INFRASTRUCTURE METALLURGY DEVELOPMENT VALUE DERIVED SUMMARY GLENOVER RARE EARTHS GLENOVER
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GLENOVER PROJECT BACKGROUND
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GLENOVER RARE EARTHS
Location
Glenover
Glenover Rare Earth Project
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Glenover Rare Earth Project
LOCATION
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Breccia Body “hill” Late Stage Carbonatite Pyroxenite
Source: Dr. W J Verwoerd
GEOLOGY
Glenover Rare Earth Project
ORIGINAL BROAD GEOLOGICAL MODEL
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Pyroxenite/Glimmerite Pyroxenite cross cut by Carbonatite Veins Coarse Grained Dolomitic Carbonatite
Apatite Martite Breccia
Glenover Rare Earth Project
ROCK TYPES
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GEOPHYSICS – AEROMAGNETIC SIGNATURE
Glenover Rare Earth Project
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GEOPHYSICS – RADIOMETRIC SIGNATURE
Glenover Rare Earth Project
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Glenover Rare Earth Project
1958 - 1982
HISTORY – GOLDFIELDS OPERATION
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Glenover Rare Earth Project
1999 - 2011
HISTORY – FERMINORE OPERATION
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GLENOVER PROJECT INFRASTRUCTURE
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Glenover Rare Earth Project
TAR ROAD TO SITE RAIL SERVICES WITHIN 20KM 2 REGIONAL POWER STATIONS
PROJECT INFRASTRUCTURE
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Glenover Rare Earth Project
BOOMING LOCAL MINING INDUSTRY
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Glenover Rare Earth Project
BOREHOLE WATER ELECTRICAL SUPPLY WORKSHOPS/OFFICE ABLUTION FACILITIES
PROJECT INFRASTRUCTURE ON SITE
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INFRASTRUCTURE
Glenover Rare Earth Project
3.5MT of fines and ROM stockpiles ready for processing
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GLENOVER GETTING TO METALLURGY
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GEOCHEMISTRY – 3000M DRILL PROGRAMME
Glenover Rare Earth Project
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GEOCHEMISTRY – 3000M DRILL PROGRAMME
Glenover Rare Earth Project
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GEOCHEMISTRY
Glenover Rare Earth Project
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RESOURCE
Glenover Rare Earth Project
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RESOURCE
Glenover Rare Earth Project
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RESOURCE STATEMENT – APATITE BRECCIA ONLY
Cut-off Grade Tonnes Average Grade Contained TREO % TREO Mt % TREO kt Indicated Resource In Situ 1 7.4 2.2 163 Inferred Resource (Stockpiles) 1 3.1 1.9 59 TOTAL 10.5 222
Glenover Rare Earth Project
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APATITE BRECCIA MINERALOGY HIGHLIGHTS
Grade Summary: TREO HREO HREO/ TREO Nb2O5 Sc2O3 ThO2 P2O5 Fe2O3 % % % % ppm ppm % % Apatite Breccia 2.22 0.14 6.31 0.81 143 540 18.21 23.67
Glenover Rare Earth Project
Main REE Bearing Minerals: Apatite (Primary + Secondary); Monazite; Synchysite; Bastnaesite; Aeschynite Potential Co-products
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APATITE BRECCIA MINERALOGY HIGHLIGHTS
Liberation: Iron: 75%-80% at 120μm P2O5: +90% at 120μm REE: 30-40% at 120μm
10 20 30 40 50 60 70 80 90 100 10 100 1000 Cu mulative mass % mineral passing size Grain Size (µm)
Grain Size Distribution LG Apatite Breccia
REE Phosphates REE Carbonates Zr Oxides and Silicates REE Nb-rich Apatite Fe Oxide Fe Oxide with Goethite
Glenover Rare Earth Project
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Glenover Rare Earth Project Flow Sheet
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Glenover Rare Earth Project
PROPOSED PLANT EXPANSION AND PIT ENLARGEMENT
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GLENOVER DEVELOPMENT VALUE DERIVED
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- June 2011:
Mineralogy study on Apatite Breccia completed by SGS
- Jan 2012:
Initial 3000m Drill Programme completed
- March 2012:
6-hole Step Out Drill Programme completed
- June 2012:
Updated SAMREC Resource published
- To Aug 2012:
Stockpiles sampled and 16T of ROM crushed and homogenized for mineralogy and metallurgy
- August 2012:
Mineralogy studies on Breccia, Carbonatite and Pyroxenite core completed by Xstrata Process Support
DEVELOPMENT SUMMARY - GEOLOGY
Glenover Rare Earth Project
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- June 2010:
Fer-Min-Ore magnetic separation testwork
- April 2012:
Completion of Maelgwyn apatite flotation testwork
- August 2012:
PEA scope awarded to process consultant GBM, UK
- September 2012:
PFS metallurgy contract awarded to lab, China
DEVELOPMENT SUMMARY – METALLURGY
Glenover Rare Earth Project
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BENCHMARKING – Nd RICH REE PACKAGE
Galileo Frontier Montero GWMG Arafura Lynas Rare Element Quest RE Oxide Glenover Zandkopsdrift Wigu Hill Steenkampskraal Nolans Bore Mt Weld Bear Lodge Strange Lake Lanthanum 16.71% 25.37% 37.07% 21.05% 19.13% 23.88% 26.56% 13.76% Cerium 45.04% 44.05% 49.03% 45.36% 48.72% 47.54% 43.81% 29.13% Praseodymium 5.78% 4.62% 3.86% 5.13% 5.93% 5.16% 5.01% 3.24% Neodymium 22.16% 15.88% 9.27% 17.83% 20.59% 18.13% 17.95% 12.14% Samarium 3.51% 2.27% 0.77% 2.80% 2.29% 2.44% 2.83% 2.70% Europium 0.89% 0.59% 0.00% 0.06% 0.39% 0.53% 0.62% 0.11% Gadolinium 2.03% 1.42% 0.00% 1.91% 0.99% 1.09% 1.44% 2.65% Terbium 0.21% 0.17% 0.00% 0.23% 0.08% 0.09% 0.12% 0.55% Dysprosium 0.76% 0.78% 0.00% 1.00% 0.32% 0.25% 0.37% 3.60% Holmium 0.10% 0.13% 0.00% 0.12% 0.04% 0.03% 0.04% 0.83% Erbium 0.19% 0.32% 0.00% 0.31% 0.09% 0.06% 0.08% 2.54% Thulium 0.02% 0.04% 0.00% 0.02% 0.01% 0.01% 0.01% 0.40% Ytterbium 0.09% 0.22% 0.00% 0.12% 0.06% 0.03% 0.04% 2.61% Lutetium 0.01% 0.03% 0.00% 0.01% 0.01% 0.00% 0.01% 0.40% Yttrium 2.50% 4.12% 0.00% 4.05% 1.35% 0.76% 1.11% 25.34% Total 100% 100% 100% 100% 100% 100% 100% 100%
2 1 1 3 4
PEER RATING OF CREO DISTRIBUTION
Glenover Rare Earth Project
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BENCHMARKING
Glenover Rare Earth Project
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PROJECT DEVELOPMENT PLANS – SYNCHYSITE TARGET – VALUE POTENTIAL
Glenover Rare Earth Project
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PROJECT DEVELOPMENT PLANS – 2012/2013
- Metallurgy – Complete Open and Closed Circuit PFS Met by Q4 2012
- Feasibility Studies - Complete PEA Q1 2013 and PFS Q4 2013
- Exploration Drilling – Investigate Synchysite Target
Glenover Rare Earth Project
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GLENOVER - SUMMARY
- Low Cost Project that Competes with World Class Peers
- Potentially Low Cost Producer with Zero Mining Costs for 1st 3 Years
- Potential Co-Product Credits
- Significant Available Infrastructure
- Excellent Further Target Potential in 7km Diameter Intrusive
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