The Company has just announced that it has received the final report from the Saskatchewan Research Council (SRC) on preliminary processing tests on a monazite-bearing rock sample taken from the Fanta deposit located at Searchlight's Kulyk Lake project in Saskatchewan.
Last fall, Searchlight commissioned the SRC to conduct initial laboratory-scale metallurgical tests on the rock sample from the Fanta deposit. The objective was to find out whether this material could be processed into a commercial monazite concentrate.
The SRC report now stated that the Kulyk Lake sample had a total rare earth oxide (TREO) content of 33.6%, while the content of so-called critical rare earth oxides (CREO) was 7.3%. CREO refers to dysprosium oxide, neodymium oxide, praseodymium oxide and terbium oxide. These are used, among other things, in high-performance magnets such as those used in the renewable energy and electromobility sectors.
According to the SRC, the sample is composed of 19.7% monazite, 6.4% apatite, 5.8% ilmenite and 68.1% of other silicate minerals and can be concentrated by heavy fluid separation, electrostatic and magnetic separation and flotation techniques.
The coarser ground portion (above 0.053 mm) could be concentrated to >60% TREO using one or a combination of the preparation methods, it also said. In contrast, the finer-ground portion of the sample (below 0.053 mm) could be concentrated to 49.8%-52.8% TREO using three cleaner flotation stages. The recovery factor for the TREO and CREO was 98% from the coarser ground portion of the sample and up to 89% for the TREO and CREO from the finer ground portion, according to SCR.
Searchlight's CEO Stephen Wallace is delighted with these results, which he says are "excellent" and confirm that the monazite from the Fanta deposit can be processed into a commercial monazite concentrate. As it is now known that the Fanta monazite can be concentrated to a commercially viable level , Wallace said, Searchlight could therefore proceed to drilling as the next step.
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