Krucible Metals Australia's latest JORC REE (Yttrium)

[Sparty]

Krucible Metals one of Australia's better know Phosphate resource holders has found and JORCED up an Inferred Resource of 4.2 million tonnes @ 746 g/t Yttrium (0.96 kilogram/tonne Y2O3) at a lower cut-off of 500 g/t Y.

The Yttrium enrichment zone occurs as a consistent shallow dipping blanket over the top of the phosphate zone (high grade Inferred Resource of 5 million tones @ 30.8% P2O5) as well as adjacent to the west at shallower levels

Yttrium is becoming increasingly sought after and to be able to produce both Phosphate (DSO) and Yttrium from the same deposit is quite a bonus. Yttrium is around $100 per Kg and is rated as a metal of "critical" concern, for both the short and medium term.

Yttrium is a valuable and strategic “heavy” REE that is critical to production of many super-alloys, super-magnets and super-conductors that are being increasingly utilised in high technology industries such as mobile phones, computers, laser communications, hybrid cars, wind turbines and more (see Krucible ASX Announcement for 28 February 2011).

The price for Yttrium as well as other heavy REEs such as Neodymium and Dysprosium has been increasing markedly over the last 6 months due to increased demand for these heavy REE (which are virtually non-replaceable in high technology) and restrictions on exports from China, who produce over 90% of the world’s consumption.


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Read about Australian Rare Earths and about Australian Phosphate