Godolphin Resources Limited has received initial leach test results from metallurgical test work on drill core samples from the Narraburra Rare Earth Element (REE) and Rare Metals (RM) Project, located 12km northeast of Temora in central west New South Wales.
The results highlight exceptional recoveries of key magnet minerals and Heavy Rare Earth Elements (HRE), which confirm the project’s low-cost development potential.
The maiden metallurgical results were received from a total of six samples from the project and confirm exceptional REE leachability at Narraburra. Preferential extraction of heavy REE’s, over light REE’s, was identified in the first results, with exceptional recoveries of up to 94% Nd, 90% Pr, 80% Dy and 83% Tb.
The samples tested cover a range of rock types from saprolite, saprock and fresh bedrock granite.
The initial leach test results are part of ongoing work being undertaken by the company with the Australian Nuclear Science and Technology Organisation (ANSTO).
Managing Director Jeneta Owens said the company is extremely pleased with the initial leach test results from ANSTO, which highlight exceptional recoveries of the project’s key magnet Rare Earth Elements and confirm Narraburra’s potential.
“These first results also indicate Narraburra as an Ionic Clay-hosted source of Rare Earths, which are very amenable to relatively low cost processing, as opposed to hard rock sources, which require substantially more complex and expensive, processing methods. This will play very well for Godolphin, particularly as discussions with offtake partners commence.
Ms Owens said the preliminary results, received earlier than scheduled, will inform the pending upgrade to JORC 2012 of the Narraburra Mineral Resource and will be utilised for a larger, metallurgical and bulk sampling program to determine the ideal extraction pathway at Narraburra.
“These initiatives are scheduled to commence later this calendar year and reiterate Godolphin’s commitment to accelerate the ongoing development of Narraburra, to generate shareholder value.”
