Chatham Rock Phosphate Limited (TSXV: NZP and NZX: CRP) is pleased to provide an update on the activities of its 100% owned subsidiary Pacific Rare Earths Limited (PRE).
PRE is project-managing a Rare Earths Elements (REE) study on rock phosphate nodules and seafloor muds on the Chatham Rise.
PRE is coordinating the scoping study for concentration of Total Rare Earth Oxides (TREO) from the Korella Mine and Korella South Exploration Area, which holds three critical minerals and Heavy Rare Earth Elements.
The Company has engaged a third party to undertake sensor-based ore sorting of Korella phosphate to aid in REE enrichment and sent a one tonne sample for pilot plant testing.
PRE has also engaged CSIRO to study the extraction of Rare Earths from Korella phosphate using biomining technology.
The target market is the sale of TREO with 50% heavy rare earths content to Japan.
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