Gold

Uncommon Earth Factor Venture in Canada Advances

Max Sali, CEO of Protection Metals, talks with Peter Epstein of Epstein Analysis concerning the newest developments in his firm's BC REE venture.

Protection Metals Corp. (DEFN: TSX.V; DFMTF: OTCQB) is an excellent title. The corporate defends itself towards the Chinese language domination of the uncommon earth parts (REE) and the departments of the Protection want REE chosen to defend their nations! Many ERIs are very tough or unattainable to interchange in essential functions, whereas permitting merchandise important to trendy civilization. Any firm exterior of China that may reliably produce a couple of key REEs may have a license to print cash. This week, SGS Canada offered selective check outcomes on bulk samples of 30 tonnes. 4 uncommon earth assays had been reported on this press launch. (See desk beneath.) Utilizing the worth / kg of every metallic, the in situ worth is about 535 USD / t. This equates to about zero.41 troy ounce gold or about 12.eight g / t gold.

Within the following interview with President and CEO Max Sali, readers will be taught extra about uncommon earths and uncommon earth parts, that are the most well-liked and for which functions. Alert spoiler, neodymium and praseodymium are among the many high 4 or 5. I requested Max why his crew thought his mild uncommon earth deposit may be economically viable, given the probability of any deposit turning into a mine. Lastly, we mentioned early-stage uranium belongings that the corporate recovered from the well-known Athabasca Basin. (See the presentation of the corporate.) – Peter Epstein

Give readers the most recent snapshot of Protection Metals.

After all. Protection Metals (TSV-V: DEFN) / (OTCQB: DFMTF) concentrate on the acquisition, exploration and improvement of uncommon earth and uranium properties in Canada. Our flagship venture is the Wicheeda uncommon earths deposit. (NOTE: right here is an effective article on Protection Metals.)

The Wicheeda deposit (6 claims, 1,780 hectares) is situated 80 km northeast of Prince George, British Columbia (BC), and accommodates doubtlessly exploitable concentrations of parts uncommon earth (Pell 1994, Lane 2009, 2010). . The deposit was explored within the 1970s and 1980s, however didn’t obtain a lot consideration till 2008, when it was drilled by Spectrum Mining Corp. This firm reported an inferred useful resource of 11.three million tonnes.

Extra not too long ago, SGS Canada has offered us with a big replace on the deposit. 4 REE analyzes of a 30-tonne bulk pattern that we despatched earlier this 12 months confirmed vital concentrations of neodymium and praseodymium.

The Wicheeda deposit is a really attention-grabbing venture as a result of we will doubtlessly put it into manufacturing pretty rapidly, particularly given the close by infrastructure (roads, railways, waterways, electrical energy, labor, mining gear and companies). Favorable mineralogy and lightweight uncommon earth distribution (LREE) make the Wicheeda deposit extraordinarily engaging. Some impurities might be eliminated by electromagnetic separation carried out on website. The press launch we printed this week was vital as a result of it allowed us to raised perceive the deposit (see chart beneath). The whole charge of uncommon earth oxides (TREO) was four.81%, which appears engaging to us.

Wicheeda is ideally suited to open pit extraction and traditional flotation to supply uncommon earth-enriched oxide focus. Along with lanthanum, cerium and neodymium, we even have praseodymium. You will need to word that the deposit is open in most instructions and outcrops are on the floor, which implies a low extraction ratio and potential for growth. Encouraging check bench checks had been carried out, giving our crew the purpose of a focus of over 60%.

Though our uncommon earths deposit is on the heart of our considerations, we even have two potential uranium properties (5 declare blocks) situated within the coronary heart of the japanese basin of Athabasca, close to Denison Mines. # 39; IsoEnergy. Each corporations are spending hundreds of thousands of dollars on drilling this 12 months. IsoEnergy has made a brand new high-grade discovery at 5-10 km from certainly one of our properties.

What uncommon earths are within the deposit? Which uncommon earths in your subject are most dear?

The next ETRs might be discovered: lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, yttrium and dysprosium. There are additionally traces of some others. Neodymium and praseodymium are essentially the most priceless of the suite.

What has been the worth evolution of your most vital metals, uncommon earths, in recent times?

Neodymium and praseodymium are crucial uncommon earth metals we now have recognized on the Wicheeda deposit. Neodymium (Nd) and praseodymium (Pr) are the 2 uncommon earth parts that make up the vast majority of uncommon earth everlasting magnets. Under one can find Kitco's five-year value charts. The latest costs, of 62.zero USD per kg for neodymium oxide and 78.four USD per kg for praseodymium oxide, are down from current highs, however in up 35% to 40% from the low factors of mid-2016.

Does administration have any indicative data on metallurgy, the probabilities of recovering particular person metals?

Flotation and hydrometallurgy checks on the check bench scale had been carried out on core samples on the Wicheeda deposit in a SGS Lakefield laboratory in 2010/2011. SGS has efficiently developed a flotation therapy scheme to get better 83% of uncommon earth oxide (REO) and produce a focus of 42% REO. Subsequent hydrometallurgical testing carried out in 2012 on a 39 kg 2% TREO focus pattern produced an improved and purified precipitate containing 71% TREO by way of a leaching and roasting course of.

SGS Canada matches effectively within the deliberate work program, which incorporates chemical and mineralogical characterization, millability and laboratory flotation checks on a 200 kg sub-sample (on a 30-tonne general pattern space) ). The targets are to validate the method and ensure that the circumstances of the drill core flotation check established in 2010/2011 might be improved in comparison with the present world pattern, along with additional optimizing the scheme course of processing.

What’s going to the leaders at work be taught from SGS Canada?

As talked about, Protection Metals delivered to SGS Canada a 30-tonne bulk pattern from the Wicheeda deposit. SGS is at present conducting a multi-phase metallurgical testing program on the laboratory scale, with a view to commissioning bigger scale trials of a flotation pilot plant. The manufacturing of a pilot plant on a bigger scale ought to validate the metallurgy on the scale of the bench and produce LREE product samples for potential assortment companions.

The last word purpose of the check work is to finalize the method move diagram previous to the commissioning of enormous scale pilot plant trials. SGS agreed to provide us common updates on its progress. As well as, Protection Metals plans to re-analyze the "pulps" used to supply a brand new 43-101 inferred useful resource estimate. A preliminary financial evaluation will comply with.

Protection Metals additionally owns uranium belongings within the japanese basin of Athabasca. Please describe these properties.

Sure, these properties are at an early stage and whole practically 10,000 hectares. We’ve got individuals reviewing the historic work finished on the properties, which truly consists of 5 declare blocks. We are going to in all probability do some airborne electromagnetic surveys, however to be sincere, the Athabasca Basin is a hotbed of exercise, so we will permit our neighbors to drill round and see what we're doing. They discover. Our holding prices on properties are extraordinarily low.

We’re very happy to have Dale Wallster be a part of our Technical Advisory Committee. A geologist and prospector, Dale has 35 years of expertise in exploring mineral deposits in North America, significantly within the focusing on and discovery of unconformity-related uranium deposits. He was president and founding father of Roughrider Uranium Corp., an organization acquired by Hathor Exploration in 2006 for its uranium properties strategically situated within the Athabasca Basin. Dale and his crew are broadly credited for the invention of the Hathor Roughrider deposit. In January 2012, Hathor grew to become an entirely owned subsidiary of Rio Tinto as a part of a $ 650 million Canadian acquisition.

Why ought to readers contemplate shopping for Protection Metals shares?

Protection metals (TSV-V: DEFN) / (OTCQB: DFMTF) are a sexy and early technique to play within the uncommon earths market. Our LREE repository appears to be appreciable and is open in a number of instructions. It accommodates doubtlessly financial portions of chosen uncommon earth metals. A minimum of two of the uncommon earths, neodymium (Nd) and praseodymium (Pr) are very helpful and in nice demand to be used in everlasting magnets. Evidently the metallurgy of the Wicheeda deposit is favorable and that appreciable checks are being carried out on metallurgy.

If SGS Canada obtained another optimistic data, this might have a catalytic impact on our share value, as this could help the view that we will put the venture into preliminary manufacturing pretty rapidly. Though nonetheless in its infancy, the Wicheeda deposit has been the topic of many historic works relationship again a number of a long time and is at present present process appreciable and different checks. If we will transfer ahead as deliberate on this venture in 2019, our present market capitalization of C $ 5.1 million = US $ three.eight million (23.75 million shares excellent) could possibly be included on this venture. show an attention-grabbing entry level.

Thanks Max, it was very attention-grabbing. Congratulations for the brand new check outcomes.

Presentation of the corporate.

Word: Right here is an effective current article on protection metals.

Peter Epstein is the founding father of Epstein Analysis. His background is within the enterprise and monetary evaluation. He holds an MBA in Monetary Evaluation from the Stern College of Enterprise at New York College.

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Disclosures: The content material of this interview is for data functions solely. Readers perceive and agree that nothing on this paper, written by Peter Epstein of Epstein Analysis [ER] (collectively, [ER]), about Protection Metals, together with, however not restricted to, the feedback, opinions, views, assumptions, details and calculations, and so on., shouldn’t be construed as implicit or specific funding recommendation. Nothing on this doc constitutes a suggestion or solicitation to purchase or promote a safety. [ER] is under no circumstances liable for the funding actions taken by the reader. [ER] has by no means been and isn’t at present a registered or licensed monetary advisor, a stockbroker, an funding advisor, a stockbroker, a seller, a fund supervisor, a compliance officer or a authorized officer, and doesn’t have interaction in any advertising and marketing exercise. [ER] shouldn’t be immediately employed by a company, group, group, social gathering or particular person. The actions of Protection Metals are extremely speculative and never appropriate for all traders. Readers perceive and agree that investing in small cap shares might end in a 100% lack of invested funds. Readers assume and agree that their readers will seek the advice of their very own licensed or registered monetary advisors earlier than making any funding choice.

By the point this interview was printed, Peter Epstein owned shares in Protection Metals and he was an advertiser on [ER]. Readers perceive and agree that they need to train due diligence past studying this text. Though the writer believes that he’s striving to pick corporations that, for no matter cause, signify unattractive funding alternatives, he cannot assure that his efforts shall be (or have been) fruitful. [ER] shouldn’t be liable for any perceived or precise errors, together with, however not restricted to, feedback, opinions, views, assumptions, reported details and monetary calculations, or another errors. completeness of this text or its future content material. [ER] shouldn’t be meant to trace or in any other case cowl occasions and information, or write a few explicit firm or subject. [ER] shouldn’t be an skilled within the following areas: enterprise, business or funding. [ER] might at any time purchase or promote shares of Protection Metals and different promoting companies.

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