Sparty
10-19-2012, 12:50 AM
Dubbo Zirconia Project (DZP)
Quarterly Report to 30 September 2012
Improved heavy rare earth recoveries from demonstration pilot plant (DPP)
operation indicate potential increased yttrium, dysprosium and terbium output
from the Project
Current anticipated annual revenue around A$450 million does not account for uplift from the rare earth separation JV with Japan's Shin-Etsu Chemical
Environmental Impact Statement is nearing completion and scheduled to be lodged before the end of the year
Interim feasibility study results indicate increase in capital and operating costs but are still subject to further optimisation. The Project remains robust at the conservative costs and revenues
Other process improvements, including water recycling, trialled on the DPP and could lead to additional cost savings
Land and water licence acquisition, and infrastructure development initiated
Core hole TOD003 intersects 107.4 metres grading 1.83% ZrO2, 0.035% HfO2, 0.39% Nb2O5, 0.022% Ta2O5, 0.12% Y2O3, 0.74% REO (TYREO 0.86%) with a heavy rare earth distribution of 22%
Preliminary testing for tantalum recovery has produced promising results
Quarterly Report to 30 September 2012
Improved heavy rare earth recoveries from demonstration pilot plant (DPP)
operation indicate potential increased yttrium, dysprosium and terbium output
from the Project
Current anticipated annual revenue around A$450 million does not account for uplift from the rare earth separation JV with Japan's Shin-Etsu Chemical
Environmental Impact Statement is nearing completion and scheduled to be lodged before the end of the year
Interim feasibility study results indicate increase in capital and operating costs but are still subject to further optimisation. The Project remains robust at the conservative costs and revenues
Other process improvements, including water recycling, trialled on the DPP and could lead to additional cost savings
Land and water licence acquisition, and infrastructure development initiated
Core hole TOD003 intersects 107.4 metres grading 1.83% ZrO2, 0.035% HfO2, 0.39% Nb2O5, 0.022% Ta2O5, 0.12% Y2O3, 0.74% REO (TYREO 0.86%) with a heavy rare earth distribution of 22%
Preliminary testing for tantalum recovery has produced promising results