Sarfartoq Rare Earth Elements Project
- An advanced light REE project with a high ratio of Neodymium (Nd) and Praeseodymium (Pr)
- Nd and Pr make up 25% of the Total Rare Earth Oxides (TREO)
- Bastnasite and Monozite mineralization in a carbonatite hosted deposit
- Drill highlites include 22m of 4.0% and 24m of 3.5% TREO on the ST1 Project
- Inicated resource of 5.9M tonnes averaging 1.8% TREO and an inferred resource of 2.5M tonnes averaging 1.6% TREO
- Resource model defined:
27M kilograms of Neodymium Oxide
8M kilograms of Praeseodymium Oxide
21M kilograms of Lanthanum Oxide
72M kilograms of Cerium Oxide
- Substantial high-grade exploration upside
- Preliminary Economic Assessment (PEA) confirmed the economic viability of the project
- NPV of $616M at a 10% discount rate, pre-tax. capital cost of US$343M for a 2,000 tpf process facility
- Metallurgical flowsheet includes bastnaesite and monazite flotation, leaching, acid bake solvent extraction and precipitation to produce a 42-45% carbonatite product.
- Located near tidewater and international airport
What are Rare Earth Elements?
Rare Earth Elements are key components in many green energy application and high tech products. One of the most important REEs is Neodymium.
Neodymium Iron Boron Magnets – the strongest magnets known and a critical component in Green Technologies, fuel efficiency and the miniaturization of electronic devices. Rare earth elements help reduce carbon emissions.
Gearless wind turbines (approximately 2-300 kg Nd/MW)
Hybrid cars (Prius 1 kg Nd)
Computer hard drives
Speakers, headphones, cell phones, MP3 players, cameras
MRI machines (1-3 tonnes Nd)
25% of all new technologies contain some amount of rare earths