Mastering the Commodities Markets

KEY STEPS TO PROJECT COMPLETION

Industrial Minerals of Australia (IMCOA) has taken the time to tabulate the steps involved in a REE project (see Table 10.5, which illustrates the process, and Figure 10.7, which gives an idea of time scale).

Table 10.5 Key steps to REE project completion

Establish resource– appoint geological consultants, to establish grade of deposit– legal and commercial due diligence Understand/evaluate mineralogy– identification of minerals, availability of REE within them Scoping study– required to justify undertaking the Definitive Feasibility Study (DFS) Pilot plan: benefication– demonstrate viability, generates data for DFS Pilot plant: extraction– produce samples for evaluation Pilot plant: separation– generate data ...